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IndianOil improves revenue, profit and throughput for FY 2021-2022 (India)

The Indian oil group IndianOil has released its FY 2021-2022 results and its revenue rose by 41.5% to INR728,460 crores (or US$93.8bn). The Indian company's net profit attained INR24,184 crores (US$3.1bn), a 11% increase from the previous fiscal year.  These increases also match the evolution of the yearly sales and throughput of the company. Indeed, IndianOil sold 86.4 Mt of products (+6.6%), including 80.5 Mt in domestic sales (+6.5%) and 5.9 Mt in exports (+8.4%). The refining throughput for FY 2021-2022 increased by 8.5% to 67.7 Mt and the countrywide pipelines network throughput reached 83.2 Mt (+9.5 %).