 "Indian Oil posts 50% jump in Q1 net at Rs 70.9 bn; income up at Rs 1.52 trn")
Indian Oil Corporation (IOC) on Saturday reported 50.27 per cent jump in consolidated net profit at Rs 70.92 billion for the first quarter of the current financial year.
The country's largest fuel retailer had posted net profit of Rs 47 billion in the same quarter of last financial year.
IOC said in a regulatory filing that its net income increased to Rs 1.52 trillion during April-June quarter of the 2018-19, from Rs 1.32 trillion in the year-ago period.
Expenses remained higher at Rs 1.42 trillion as against Rs 1.25 trillion in the said period.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app