State-owned retailers IOC, BPCL, HPCL record Rs 81,000 er profit in FY24
The Business Guardian|May 13, 2024
State-owned fuel retailers Indian Oil Corporation, Bharat Petroleum Corporation Ltd, and Hindustan Petroleum Corporation Ltd collectively recorded robust profits amounting to approximately Rs 81,000 crore in FY24.
State-owned retailers IOC, BPCL, HPCL record Rs 81,000 er profit in FY24

This figure significantly surpassed their annual earnings in the years preceding the oil crisis. Regulatory filings revealed that the combined standalone net profit of IOC, BPCL, and HPCL during April 2023 to March 2024 (FY24) surpassed their annual earnings of Rs 39,356 crore in the pre-oil crisis years.

All the three companies posted the highest ever standalone as well as consolidated net profit in FY24.

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