Indian Oil Corporation has reported results for second quarter ended September 30, 2016.
The company has reported a net profit of Rs 3121.89 crore for the quarter ended September 30, 2016 as compared to a net loss of Rs 450.24 crore for the same quarter in the previous year. The company’s total income has increased by 3.43 % to Rs 101128.07 crore for the quarter under review from Rs 97771.64 crore for the corresponding quarter of the previous year.
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.