- Indian Oil’s net income for the third quarter was 28.7 billion rupees, a decrease of 64% compared to the same period last year.
- The net income also fell short of the estimated 50.41 billion rupees.
- Revenue for the quarter amounted to 2.17 trillion rupees, a decrease of 2.7% year-over-year.
- Total costs slightly increased by 0.9% year-over-year, reaching 2.16 trillion rupees.
- Other income saw a significant rise of 30%, totaling 18.8 billion rupees.
- The Gross Refining Margin (GRM) for April to December was $3.69 per barrel, compared to $13.26 in the previous year.
- Following this report, Indian Oil’s shares fell by 3.4%, with the price at 123.85 rupees and trading volume at 11.9 million shares.
- Market analyst ratings include 16 buys, 7 holds, and 11 sells.
A look at Indian Oil Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Indian Oil Corp, according to the Smartkarma Smart Scores, shows a robust outlook for the future. With the highest scores in both Value and Dividend categories, the company is rated highly for its financial stability and shareholder returns. Despite slightly lower scores in Growth, Resilience, and Momentum, Indian Oil Corp‘s strong value and dividend performance suggest a promising long-term potential.
Indian Oil Corporation Limited, a major player in the oil industry, engages in exploration, refining, and production of various petroleum products. With a wide range of products including lubricating oils, aviation fuels, and bitumen, the company operates a vast network of retail outlets across India. Majority-owned by the Indian government, Indian Oil Corp‘s impressive performance in value and dividends highlights a favorable long-term outlook for investors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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