State-run Indian Oil Corporation in May reported a 16.88 per cent rise in its standalone net profit for the fourth quarter ended March on the back of foreign exchange gains during the period. According to the company, its standalone net profit for the quarter in consideration rose to Rs 6,099 crore, from Rs 5,218 crore for the corresponding period of the previous financial year. The company’s revenue from operations during the period under review grew to Rs 144,472 crore from Rs 136,716 crore reported for the corresponding quarter of 2017-18. Besides, Indian Oil’s product sales volumes, including exports during the fourth quarter, were at 22.638 million tonnes.

“The refining throughput was 17.351 million tonnes in Q4 18-19 and the throughput of the corporation’s countrywide pipelines network was 21.227 million tonnes during the same period,” the company said in a statement.