Indian Oil up 25% in Q1 net profit

New Delhi: State-owned Indian Oil Corp on Monday reported a 25 per cent jump in first quarter net profit, as it also declared a 1:1 bonus share. Net profit of `8,268.98 crore, or `34.90 a share, in April-June was 25.46 per cent higher than `6,590.83 crore, or `27.81 per share, net profit in the same period a year ago, the company said in a filing. The company earned $9.98 on turning every barrel of crude oil into fuel in April-June as compared to a gross refining margin of $10.77 per barrel. — PTI