 "Indian Oil Corporation, IOCL, IOC")
State-run Indian Oil Corporation (IOC) on Friday reported more than 15-fold increase in its consolidated net profit to Rs 6,165 crore during the July to September period 2020 as against Rs 370 crore during the same period last year mainly on inventory and foreign exchange gains.
The company’s total income during the second quarter of FY21 dropped 13 per cent to Rs 1.35 trillion from Rs 1.17 trillion in the same period last year.
“During the quarter, inventory gains for the company was seen at Rs 7,400 crore, as compared to an inventory loss of Rs 1,807 crore during the
