IOC Q3 Update: Net profit down 92% to ₹448 cr, revenue up 15%

Indian Oil Corporation on Tuesday reported a decline in standalone net profit 448.01 crores against the profit of 5,860.80 crore in the year-ago period. IOCL’s net profit declined by 92 per cent.

Revenue from operations was up 15 percent from 2,28,168.34 1,97,168.46 cor in the corresponding quarter of the previous financial year.

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