Indian Oil (NSE:IOC) Gross Profit : ₹868,846 Mil (TTM As of Mar. 2024)

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What is Indian Oil Gross Profit?

Indian Oil's gross profit for the three months ended in Mar. 2024 was ₹239,608 Mil. Indian Oil's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ₹868,846 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Indian Oil's gross profit for the three months ended in Mar. 2024 was ₹239,608 Mil. Indian Oil's Revenue for the three months ended in Mar. 2024 was ₹1,986,498 Mil. Therefore, Indian Oil's Gross Margin % for the quarter that ended in Mar. 2024 was 12.06%.

Indian Oil had a gross margin of 12.06% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Indian Oil was 18.93%. The lowest was 4.54%. And the median was 12.77%.

Indian Oil Gross Profit Historical Data

The historical data trend for Indian Oil's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Indian Oil Gross Profit Chart

Indian Oil Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross Profit

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453,227.60

683,509.60

762,822.40

807,127.90

1,216,865.80

Indian Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Gross Profit	Get a 7-Day Free Trial															162,264.90	273,473.50	351,862.10	277,376.70	239,607.60

Competitive Comparison of Indian Oil's Gross Profit

For the Oil & Gas Refining & Marketing subindustry, Indian Oil's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Indian Oil's Gross Profit Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Indian Oil's Gross Profit distribution charts can be found below:

* The bar in red indicates where Indian Oil's Gross Profit falls into.

Indian Oil Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Indian Oil's Gross Profit for the fiscal year that ended in Mar. 2024 is calculated as

Gross Profit (A: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	7763518.5	-	6546652.7
	=	1,216,866

Indian Oil's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	1986497.6	-	1746890
	=	239,608

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹868,846 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Indian Oil's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	239,608	/	1986497.6
	=	12.06 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Indian Oil (NSE:IOC) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Indian Oil had a gross margin of 12.06% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

Indian Oil Gross Profit Related Terms

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Indian Oil (NSE:IOC) Business Description

Industry

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530965:India

Address

J.B. Tito Marg, 3079/3, Sadiq Nagar, New Delhi, IND, 110 049

Website

https://www.iocl.com

Indian Oil Corp Ltd conducts business across the energy value chain as India's national oil company. The Petroleum Products business generates the majority of the group's revenue. Indian Oil pursues exploration and production opportunities both domestically and internationally. Sale of Petrochemicals , Other operating segment of the Corporation comprises; Gas, Oil & Gas Exploration Activities, Explosives & Cryogenic Business and Wind Mill & Solar Power Generation. A network of pipelines in India not only transport oil from company fields but also to and from its refineries. The pipeline network spans across India and can move various petroleum products. The firm's refinery operations include a host of technologies for processing oil and gas to meet the needs of a diverse client base.