Indian Oil Corporation has reported results for first quarter ended June 30, 2016.
The company has registered 25.46 % rise in its net profit at Rs 8268.98 crore for the quarter as compared to Rs 6590.83 crore for the same quarter in the previous year. Total income of the company decreased by 5.72 % at Rs 107670.95 crore for quarter under review as compared to Rs 114200.24 crore for the quarter ended June 30, 2015.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.