OREANDA-NEWS.  IndianOil has reported a net profit of Rs. 1,684 crore on Income from Operations of Rs. 1,10,390 crore for the quarter ended 30.9.2013. During the corresponding period in the previous year, the Corporation reported a net profit of Rs. 9,611 crore on Income from Operations of Rs. 1,06,001 crore. The decrease in profit is mainly on account of:


Exchange loss of Rs 2,158 crore in the current quarter as against the exchange gain of Rs 2,289 crore in the corresponding quarter of the previous year

Net under realization of Rs 413 crore in current quarter as compared to over recovery of Rs 3,850 crore received during Jul-Sept’12 for earlier quarters.

For the half year ended September 2013, IndianOil has reported a net loss of Rs. 1,409 crore on Income from Operations of Rs. 2,20,857 crore as compared to a net loss of Rs. 12,840 crore on Income from Operations of Rs. 2,02,862 crore during the corresponding period in the previous year which is mainly due to lower unmet under recoveries in the current period on regulated products as compared to corresponding period of previous year.

Mr. R.S. Butola, Chairman, IndianOil, said, "IndianOil's product sales volumes including exports was 17.627 Million Tonnes during the second quarter of FY 2013-14. Our quarterly refining throughput went up by 0.226 Million Tonnes to 13.344 Million Tonnes as compared to the corresponding quarter of the previous financial year. The throughput of the Corporation's countrywide pipelines network was 18.064 Million Tonnes during the current quarter."