IOC Net Profit Drops 81% In Q1 On Low Refining Margin, Fuel Under-Recoveries
IOC reported standalone net profit of Rs 2,643.18 crore in the April-June period. New Delhi: Indian Oil Corporation (IOC), the nation’s largest oil firm, on Tuesday reported a 81 per cent drop in June quarter net profit, as refinery and marketing margins fell and the firm booked under-recovery on the sale of domestic cooking gas…
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