Indian Oil Corporation has reported results for third quarter ended December 31, 2023 (Q3FY24).
The company has reported over 17-fold jump in net profit at Rs 8,063.39 crore for the quarter ended December 31, 2023 as compared to Rs 448.01 crore for the same quarter in the previous year. However, total income of the company decreased by 2.36% at Rs 2,24,465.28 crore for Q3FY24 as compared Rs 2,29,883.40 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported over 10-fold jump in its net profit at Rs 9,224.85 crore for Q3FY24 as compared to Rs 890.28 crore for the same quarter in the previous year. However, total income of the company decreased by 2.44% at Rs 228,160.31 crore for Q3FY24 as compared Rs 233,876.46 crore for corresponding quarter of the previous year.
