 "Indian Oil Corp, iocl")
Indian Oil Corporation (IOC) has reported Rs 4,102.37 crore consolidated net profit in the third quarter of FY21. This is 52 per cent higher than the Rs 2,695.09 crore net profit reported by the company in the same quarter of FY19-20. The board also declared an interim dividend of Rs 7.50 per equity share (face value of Rs 10 per share).
The consolidated total income during the period under review stood at Rs 1.48 trillion, up from Rs 1.47 trillion in the same month of the last financial year. “The higher profit is because of the inventory gain and higher petrochemical
