Indian Oil’s Q2 profit rise more than 40-times YoY fuelled with better refining margins, lower base
On October 27, scrips of Indian Oil closed 3.19% up at ₹155.15 apiece on the BSE, and 3.23% up at ₹155.23 apiece on the NSE. File | Photo Credit: Reuters State-owned refiner Indian Oil’s net profit rose more than forty-times (or 4,128%) on a year-over-year (YoY) basis, to ₹7,610.45 crore in the September-end quarter fuelled…