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IOC reports 91% fall in Q3 net profit

31 Jan 2019 Evaluate

Indian Oil Corporation (IOC) has reported results for third quarter ended December 31, 2018.

The company has reported 90.91% fall in its net profit at Rs 716.82 crore for the quarter under review as compared to Rs 7,883.22 crore for the same quarter in the previous year. However, total income of the company increased by 21.44% at Rs 160,581.02 crore for Q3FY19 as compared Rs 132,229.16 crore for the corresponding quarter 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.

Peers
Company Name CMP
Reliance Industries 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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