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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Indian Oil Corporation Limited    IOC   INE242A01010

INDIAN OIL CORPORATION LIMITED

(IOC)
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Indian Oil's First-Quarter Profit Slid 40% on Lower Sales

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07/31/2020 | 05:31am EDT

By Ben Otto

Indian Oil Corp.'s first-quarter net profit fell 40% from a year earlier, as revenue suffered amid a nationwide lockdown due to the Covid-19 pandemic.

The Indian energy company said Friday that it booked net profit of 22.27 billion rupees ($297.4 million) for the quarter ended June 30, down from INR37.38 billion in the same period a year ago.

Revenue from operations and other income slumped 41% to INR907.76 billion. The company said its plants' capacity utilization fell as sales dropped in April due to national movement restrictions, but had returned to close to normal by June.

Indian Oil said it has a positive view on its long-term business outlook and financial position, and expects to comfortably pay down debt and obligations.

 

Write to Ben Otto at ben.otto@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
INDIAN OIL CORPORATION LIMITED -1.38% 85.85 End-of-day quote.-31.62%
LONDON BRENT OIL 2.11% 45.44 Delayed Quote.-31.89%
WTI 2.78% 42.69 Delayed Quote.-31.52%
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Financials
Sales 2020 4 795 B 64 163 M 64 163 M
Net income 2020 60 352 M 808 M 808 M
Net Debt 2020 1 027 B 13 744 M 13 744 M
P/E ratio 2020 11,9x
Yield 2020 5,76%
Capitalization 786 B 10 538 M 10 520 M
EV / Sales 2020 0,38x
EV / Sales 2021 0,58x
Nbr of Employees 32 803
Free-Float 26,7%
Chart INDIAN OIL CORPORATION LIMITED
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Technical analysis trends INDIAN OIL CORPORATION LIM
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Average target price 118,73 INR
Last Close Price 85,85 INR
Spread / Highest target 127%
Spread / Average Target 38,3%
Spread / Lowest Target -24,3%
EPS Revisions
Managers
NameTitle
Shrikant Madhav Vaidya Chairman
Sandeep Kumar Gupta Chief Financial Officer & Finance Director
S. S. V. Ramakumar Director & Director-Research & Development
Govind Kottieth Satish Director, Director-Planning & Business Development
Vinoo Mathur Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
INDIAN OIL CORPORATION LIMITED-31.62%10 685
EXXON MOBIL CORPORATION-35.55%190 144
RELIANCE INDUSTRIES LTD40.52%181 571
BP PLC-34.79%80 981
CHINA PETROLEUM & CHEMICAL CORPORATION-26.23%66 322
NESTE OYJ30.98%36 720