Indian Oil Corporation Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 2,057,153.2 million compared to INR 1,653,354.9 million a year ago. Revenue was INR 2,338,764.6 million compared to INR 2,005,184.8 million a year ago. Net income was INR 7,732.3 million compared to INR 61,430.8 million a year ago. Basic earnings per share from continuing operations was INR 0.56 compared to INR 4.46 a year ago. Diluted earnings per share from continuing operations was INR 0.56 compared to INR 4.46 a year ago.
For the nine months, sales was INR 6,378,836.4 million compared to INR 4,140,329 million a year ago. Revenue was INR 7,236,820.4 million compared to INR 5,301,832 million a year ago. Net loss was INR 4,977 million compared to net income of INR 184,565.1 million a year ago. Basic loss per share from continuing operations was INR 0.36 compared to basic earnings per share from continuing operations of INR 13.4 a year ago. Diluted loss per share from continuing operations was INR 0.36 compared to diluted earnings per share from continuing operations of INR 13.4 a year ago.