IOC reports net loss of Rs 329.17 crore in Q2

Indian Oil Corporation (IOC) has reported results for second quarter ended September 30, 2015.

The company has posted a net loss of Rs 329.17 crore for the quarter ended September 30, 2015 as compared to net loss of Rs 898.46 crore for the same quarter in the previous year. Total income of the company has decreased by 23.33% at Rs 85961.35 crore for quarter under review as compared to Rs 112121.01 crore for the quarter ended September 30, 2014.

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.