IOC Net Jumps 29% in Q3

The Economic Times - - Companies: Pursuit Of Profit -

In­dian Oil Corp’s profit for the quar­ter ended De­cem­ber rose 29% YoY, mainly be­cause higher oil prices raised the value of its in­ven­tory. The re­finer and fos­sil fuel re­tailer re­ported a profit of ₹ 3,995 crore for the quar­ter. The in­come from op­er­a­tions was ₹ 1,15,645 crore, up from ₹ 97,069 crore in the cor­re­spond­ing quar­ter due to in­creased through­put.—

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