Indian Oil Corporation today reported a net profit of Rs 3,682.83 crore for the first quarter ended June 2009.
The company had a net profit of Rs 415.13 crore in the corresponding period a year-ago.
Total income of the state-run company declined to Rs 60,683.97 crore in the April-June quarter from Rs 89,148.57 crore in the corresponding period last fiscal, IOC said in a filing to the Bombay Stock Exchange(BSE).
In March 2009, IOC merged Bongaigaon Refinery and Petrochemicals (BRPL) with itself. Hence the figures of the corresponding period last fiscal are not comparable with that of the quarter under review.
Average gross refining margin was $7.36 per bbl, against $16.81 per bbl in the June quarter last fiscal.
The company's revenue from sale of petroleum products stood at Rs 52,853.68 crore against Rs 79,172.81 crore in the same quarter last year.
Shares of IOC were trading at Rs 549.50, up 2.81 per cent in the afternoon trade on BSE.
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