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Indian Oil Corporation reports 82% fall in Q2 net profit

09 Nov 2013 Evaluate

Indian Oil Corporation has reported results for the second quarter ended September 30, 2013.

The company has reported 82.48% fall in its net profit at Rs 1683.92 crore for the quarter as compared to Rs 9611.35 crore for the same quarter in the previous year. However, total income from operations of the company has increased by 3.74% at Rs 110848.51 crore for quarter under review as compared to Rs 106848.09 crore for the quarter ended September 30, 2012.

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.

Peers
Company Name CMP
Reliance Industries 1166.00
Indian Oil Corpn. 132.00
Bharat PetroleumCorp 301.00
HPCL 346.00
MRPL 164.70
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