IOC posts net profit of over Rs 3.1K cr

Indian Oil Corp today reported a net profit of Rs 3,121.89 crore for the second quarter ended September, as against a net loss of Rs 450.24 crore in the same period of last fiscal.

Turnover of the state-owned firm increased to Rs 1,00,273.94 crore in the July-September quarter of the current fiscal, from Rs 97,299.25 crore a year ago, the company said in a regulatory filing.