IOC reports over 12- fold jump in Q2 consolidated net profit

30 Oct 2020 Evaluate

Indian Oil Corporation (IOC) has reported results for the second quarter ended September 30, 2020.

The company has reported 11- fold jump in its net profit at Rs 6227.31 crore for the quarter under review as compared to net profit of Rs 563.42 crore for the same quarter in the previous year. However, total income of the company decreased by 11.83% at Rs 117286.80 crore for Q2FY21 as compared Rs 133024.91 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 12- fold jump in its net profit attributable to equity holder at Rs 6025.81 crore for the quarter under review as compared to net profit of Rs 468.04 crore for the same quarter in the previous year. However, total income of the company decreased by 12.83% at Rs 117871.16 crore for Q2FY21 as compared Rs 135219.28 crore for the corresponding quarter previous year.

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