IOC inches lower after Q1 results

Indian Oil Corporation fell 0.32% to Rs 199.50 at 15:30 IST on BSE after the company reported a net loss of Rs 3093.23 crore in Q1 June 2013, lower than the net loss of Rs 22450.95 crore in Q1 June 2012.

The company announced the result during trading hours today, 13 August 2013.

Meanwhile, the BSE Sensex was up 279.82 points, or 1.48%, to 19,226.80.

On BSE, 84,000 shares were traded in the counter compared with average volume of 76,785 shares in the past one quarter.

The stock hit a high of Rs 203 and a low of Rs 195.30 so far during the day. The stock hit a 52-week high of Rs 375 on 18 January 2013. It hit a 52-week low of Rs 186.20 on 31 July 2013.

The stock had underperformed the market over the past one month till 12 August 2013, sliding 10.33% compared with the Sensex's 5.07% decline. The scrip had also underperformed the market in past one quarter, falling 35.01% as against Sensex's 5.84% fall.

The large-cap state-run oil marketing company has an equity capital of Rs 2427.95 crore. Face value per share is Rs 10.

Indian Oil Corporation's total income rose 13.83% to Rs 110959 crore in Q1 June 2013 over Q1 June 2012.

The company reported an average gross refining margin of $1.67 per barrel in Q1 June 2013 compared with a negative $4.81 per barrel margin in Q1 June 2012.

The company received discounts of Rs 8151.77 crore from crude oil/products purchased from state-run upstream companies in Q1 June 2013.

The company suffered a net under-realisation of Rs 1211.67 crore in Q1 June 2013, lower than Rs 17484.92 crore in Q1 June 2012 for selling LPG, diesel and kerosene at a controlled price.

The company reported a forex loss of Rs 4024.10 crore in Q1 June 2013, higher than Rs 3187.01 crore in Q1 June 2012.

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