Indian Oil Corporation has reported results for first quarter ended June 30, 2015.
The company has reported over two fold jump in its net profit at Rs 6435.70 crore for the quarter ended June 30, 2015 as compared to Rs 2522.94 crore for the same quarter in the previous year. However, the company’s total income has decreased by 19.80% to Rs 101669.23 crore for the quarter under review from Rs 126773.91 crore for the corresponding quarter of the previous year.
IOC is India's flagship national oil company and handles refining, pipeline transportation and marketing of petroleum products, as well as production of downstream petrochemical products. The company employs about 34,000 people and accounts for approximately 31% of national refining capacity and 49% of its petroleum product market share.
