78.40 0.35 (0.45%)
NSE Oct 29, 2020 15:31 PM
Volume: 19.0M
 

Indian Oil Corporation Ltd.    
25 Jun 2020
78.40
0.45%
Motilal Oswal
25 June 2020 The company posted huge inventory loss of INR185b (refining at INR162b and marketing at INR23b) during the quarter. Adjusted EBITDA for inventory stood at INR214.1b (v/s INR74.0b in 4QFY19 and INR50.3b in 3QFY20). Reported EBITDA came in at INR29.3b and forex loss for the quarter was at INR27.2b. Higher interest cost was offset by higher other income. The company revalued its inventory at the end of the quarter and recorded an exceptional item of INR113b (of which INR80b was refining and INR33b was marketing); thus, PBT came in at loss of INR136.1b. IOCL stated that total inventory loss of INR185b also includes revaluation loss. IOCL has moved to a lower tax rate and re-measured its DTL. Reported PAT stood at loss of INR51.9b.
default
Indian Oil Corporation Ltd. is trading below it's 50 day SMA of 79.8
Recommended
More from Indian Oil Corporation Ltd.