Indian Oil Corporation has reported results for first quarter ended June 30, 2017.
The company has reported a fall of 44.99% in its net profit at Rs 4548.51 crore for the quarter under review as compared to Rs 8268.98 crore for the same quarter in the previous year. However, total income of the company increased by 20.20% at Rs 129418.11 crore for Q1FY18 as compared Rs 107670.95 crore for the corresponding quarter previous year.
Indian Oil Corporation 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.