Search For "gross refining margin grm"
Profit of oil companies will decrease in FY25 as refining margin drops
Updated : 2 years ago IST
The Gross Refining Margin (GRM) of Indian oil companies in FY23 was at USD 16-18/ Barrel (bbl), in FY24 the GRM of Indian Refiners moderated to an average of USD 10 - 12/bbl. According to a report by CareEdge ratings, the GRM of oil companies will reduce further to USD 6-8 in FY25
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IndianOil profit up at Rs 6,110 crore in Q1 due to inventory gains
Updated : 4 years, 10 months ago IST
Mumbai (Maharashtra) [India], July 30 (ANI): Oil marketing firm IndianOil Corporation (IOC) said on Friday its Q1 consolidated net profit totalled Rs 6,110 crore in the April to June quarter, up 174 per cent from Rs 2,227 crore in Q1 of FY21.
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MRPL clocks Rs 328 crore profit in Q4 FY21
Updated : 5 years ago IST
New Delhi [India], May 18 (ANI): ONGC subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL) has reported a net profit of Rs 328 crore in the fourth quarter of 2020-21 as against a loss of Rs 1,629 crore in the corresponding period of previous fiscal.
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IndianOil net profit dips 40 pc in Q1 to Rs 2,227 cr
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], July 31 (ANI): Oil marketing firm IndianOil Corporation (IOC) on Friday posted 40 per cent year-on-year fall in its consolidated net profit at Rs 2,227 crore for the quarter June 30 as compared to a net profit of Rs 3,738 crore in Q1 FY20.
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