Indian Oil Corporation Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 2,268,920.8 million compared to INR 2,323,032 million a year ago. Revenue was INR 2,281,603.1 million compared to INR 2,338,764.6 million a year ago. Net income was INR 90,295.6 million compared to INR 7,732.3 million a year ago. Basic earnings per share from continuing operations was INR 6.56 compared to INR 0.56 a year ago. Diluted earnings per share from continuing operations was INR 6.56 compared to INR 0.56 a year ago.
For the nine months, sales was INR 6,575,856 million compared to INR 7,206,983.8 million a year ago. Revenue was INR 6,599,749.3 million compared to INR 7,236,820.4 million a year ago. Net income was INR 365,808.2 million compared to net loss of INR 4,977 million a year ago. Basic earnings per share from continuing operations was INR 26.56 compared to basic loss per share from continuing operations of INR 0.36 a year ago. Diluted earnings per share from continuing operations was INR 26.56 compared to diluted loss per share from continuing operations of INR 0.36 a year ago.