22% increase in Iranol oil income/increase in lubricants income compared to March 2023

According to the exclusive report of Energy Press, the review of the monthly activity report of lubricant industry companies reports that the total income of four listed lubricants in March 2024 has reached 6,344 billion tomans. This number has experienced a 16.8 percent decrease compared to last month, Bahman. Of course, this number has increased by 12.1% compared to the same period last year.
It should also be said that the income from the sale of all four stock market lubricants has increased in March 2024 compared to the same period in 2023. On the other hand, the comparison of the sales figures of lubricants in March with the last month, i.e. February 2024, reports a decrease in the income of Iranol and Sepahan oil companies.
However, it should be seen which lubricant has increased its income more than other competitors in March 2024? In this report, Energy Press has evaluated the income generation status of stock market lubricants.

The biggest increase in monthly income compared to March 2023
As mentioned, all four lubricant companies have managed to increase their sales amount in March 2024 compared to the same period of 2023. In the meantime, Iranol Oil (Sharanel) has recorded the highest increase in revenue among its competitors with a more than 22% increase in its monthly income compared to March 2023. So that the amount of monthly sales of Iranol oil increased from 1,888 billion tomans in March 2023 to 1,327 billion tomans this month. Of course, this figure has decreased by 19.7% compared to last month, February 2024.
Also, Pars Oil increased its monthly income by more than 21% compared to March 2023, from 916 billion tomans in March 2023 to 1,110 billion tomans. In this way, Pars oil is in the second place with the highest increase in monthly income compared to March 2023. It should be noted that the monthly income of this company has increased by 22% compared to February 2024.
The amount of Sepahan oil sales has also seen a good increase in this month. In a way, the monthly income of Pars has grown by about 11% in March 1402 compared to March 2023. In this way, the income of this company has reached from 1,728 billion tomans in March 2023 to 1,919 billion tomans this month. However, comparing the sales figure of this company with February 2024, it is reported that this number has decreased by 38%.