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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 

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 ...

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First Published: Thu, May 25 2017. 16:34 IST
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