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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1)tThe above results have been reviewed and recommended by the Audit Committee in its meeting held on 10th August 2018 and approved by the Board of Directors at its meeting held on 11th August 2018.  n  n2)tThe Financial Results have been reviewed by the Statutory Auditors as required under regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.  n  n3)tGoods and Services Tax (GST) has been implemented w.e.f 01.07.2017 wherein some of the petroleum products are still outside its ambit. Accordingly, GST is being levied on some products as against Excise Duty applicable hitherto. Since, excise duty is included in revenue and GST is not included in revenue, thus to ensure comparability, revenue excluding excise duty on applicable products are given below:  n         ` in crore  ntQuarter endedtYear Ended  nt30.06.2018t31.03.2018t30.06.2017t31.03.2018  nRevenue from operations (gross)t1,51,813.83 t1,39,222.21 t1,30,696.90 t5,15,541.89   nLess: Excise Dutyt-   t-   t1,960.45 t1,960.45   nNet comparable revenuet1,51,813.83 t1,39,222.21 t1,28,736.45 t5,13,581.44   n  n  n4)tShares held under “IOC Shares Trust” of face value ` 233.12 crore (pre bonus ` 116.56 crore) has been netted from paid–up Equity Share Capital. The net share capital is considered for computing earnings per share. Further, pursuant to issue of bonus shares in the ratio of one equity share for every one share held in March 2018, Earning Per Share for the period ended on 30th June 2017 have been restated. Consolidated EPS without adjusting for bonus shares for period ended on 30th June 2017 would have been ` 9.96 per share.  n  n5)tIndian Accounting Standard (Ind-AS)-115 “Revenue from Contracts with Customers” became effective from 01.04.2018 and the company has adopted the same using cumulative catch-up transition method. This adoption has reduced Revenue from Operation by for the current period ` 6.38 crore.  n  n6)tFigures for the previous periods have been regrouped/reclassified to conform to the figures of the current periods.  n</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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<in-bse-fin:DescriptionOfReportableSegment contextRef="OneReportableSegmentRevenue01D">Other Business Activities</in-bse-fin:DescriptionOfReportableSegment>
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<in-bse-fin:DescriptionOfReportableSegment contextRef="OneReportableSegmentResults02D">Petrochemicals</in-bse-fin:DescriptionOfReportableSegment>
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<in-bse-fin:DescriptionOfReportableSegment contextRef="OneReportableSegmentResults03D">Petroleum Products</in-bse-fin:DescriptionOfReportableSegment>
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<in-bse-fin:DisclosureOfNotesOnSegmentsExplanatoryTextBlock contextRef="OneD">Notes :  n  nA. Segment Revenue comprises : sale / Income from operations( inclusive of Excise Duty) and other operating income  n  nB. Other business segment of the corporation comprises : Gas, Oil &amp; Exploratino activities, Explosives and Cryogenic Business and Wind Mill and Solar Power Generation  n  nC. Figures for the previous periods have been rearranged wherever necessary</in-bse-fin:DisclosureOfNotesOnSegmentsExplanatoryTextBlock>
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<in-bse-fin:DescriptionOfReportableSegment contextRef="OneReportableSegmentAssets03D">Petroleum Products</in-bse-fin:DescriptionOfReportableSegment>
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<in-bse-fin:DescriptionOfReportableSegment contextRef="OneReportableSegmentLiabilities02D">Petrochemicals</in-bse-fin:DescriptionOfReportableSegment>
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