IOC post records fuel sales, but inventory loss tank Q3 profit is 64 PC

New Delhi, the Indian Petroleum Corporation (IOC) on January 27th (PTI) is the country’s largest oil company. On Monday, due to inventory and foreign exchange losses eroded a record -recorded fuel sales, its December of December decreased by 64 %.

Independent net profit BleakFrom October 2024 to December to April 2024 to 2025 fiscal year (fiscal year) 2873.53 million BleakAccording to the company’s securities exchange declaration, the same period of the same period of the same period of the year was $ 806.369 billion.

However, the profit has soared a quarter of a quarter BleakFrom July to September 2024 to 189.11 million rupees.

Director of the International Olympic Committee (IOC) said that the decline in profit was mainly due to decline in inventory and foreign exchange loss and product cracking.

The company has one BleakIn the third quarter, 78 billion inventory lost the Bougainvillea. other BleakDue to foreign exchange losses, there were 1,900 million.

When the company purchases oil at a certain price, the inventory loss will be booked, but the price will fall when transported and handle the petroleum in India. Moreover, the inventory loss is explained because the product price is benchmark. In contrast, inventory income will occur.

In addition, the difference between the cost of crack-raw materials (crude oil) (crude oil) and finished products-decreased. He said that for diesel engines, it dropped from $ 19.18 per barrel from October to December 2023 to $ 10.8, while gasoline’s $ 7.04 per barrel of gasoline was $ 3.63 per barrel from October to December 2024.

The company also saw that its optimized profit margin dropped in the third quarter. It won $ 2.95, and it won $ 2.95 in the total optimized profit margin of $ 13.53 per barrel in the third quarter of the previous finance.

IOC Chairman Sahney said the company’s quarterly sales were 26.134 billion tons, an increase of 6.2 % over last year because the company reorganized its core capabilities of fuel sales.

The amount of petrochemicals also increased by 7 %, while the volume of gasoline transactions in the quarter increased by 24 %.

He said the company also received market share-46.4 % of PSU sales from the second quarter (July to September) to 46.7 % in the third quarter. He said that after the entire industry (considering private fuel retailers), the market share of the International Olympic Committee rose from 41.1 % to 41.3 % in the third quarter in the previous quarter.