Indian Oil posts over 35 percent fall in Q4 net profit
Indian Oil Corp (IOC) Thursday posted a fall of 35.30 percent in net profit for the fourth quarter ended March at Rs.9,389.85 crore, as compared to Rs.14,512.81 crore for the same quarter in the previous year.
However, the state-run oil marketer’s total income from operations rose by 5.75 percent at Rs.134,867.42 crore for the quarter in question, as compared to Rs.127,534.77 crore for the quarter ended March 2013.