Indian Oil Corporation declines on reporting consolidated net loss of Rs 449 crore in Q2
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Indian Oil Corporation is currently trading at Rs. 141.25, down by 5.85 points or 3.98% from its previous closing of Rs. 147.10 on the BSE.
The scrip opened at Rs. 140.85 and has touched a high and low of Rs. 145.00 and Rs. 140.70 respectively. So far 1697472 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 196.80 on 08-Feb-2024 and a 52 week low of Rs. 86.80 on 30-Oct-2023.
Last one week high and low of the scrip stood at Rs. 155.50 and Rs. 140.70 respectively. The current market cap of the company is Rs. 199109.46 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 37.91% and 10.60% respectively.
Indian Oil Corporation has reported 98.61% fall in net profit at Rs 180.01 crore for second quarter ended September 30, 2024 (Q2FY25) as compared to Rs 12967.32 crore for the same quarter in the previous year. Total income of the company decreased by 3.33% at Rs 196523.73 crore for Q2FY25 as compared to Rs 203294.50 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net loss at Rs 448.78 crore for the quarter ended September 30, 2024 as compared to net profit of Rs 13713.08 crore for the same quarter in the previous year. Total income of the company decreased by 3.13% at Rs 199339.05 crore for Q2FY25 as compared to Rs 205789.51 crore for the corresponding quarter previous year.
