Indian Oil Corporation (IOCL) on Thursday said that the company's net profit rose 85 per cent in the fourth quarter of the financial year (FY) 2016-17, in line with analysts' expectations, as revenue from operations grew. India's top refiner reported profit of Rs 3,721 crore ($576.45 million) in the quarter ended March 31, compared with Rs 2,006 crore a year earlier. Revenue from operations jumped 24 per cent to Rs 1.22 lakh crore. Analysts on average expected March-quarter net profit of Rs 3,795 crore, Thomson Reuters data showed. Average gross ...
IOCL Q4 net profit jumps 85% to Rs 3,721 cr as revenue from operations grow
Revenue from operations jumped 24 per cent to Rs 1.22 lakh crore
Reuters Last Updated at May 25, 2017 16:38 IST