Indian Oil Corporation (IOC), the nation’s largest oil firm, on Tuesday reported returning to profitability in the December quarter after losses in the preceding six months from holding fuel prices despite a rise in cost.
Standalone net profit of Rs 448.01 crore in October-December 2022 compared with Rs 5,860.80 crore net earning in the same period of previous fiscal, and a loss of Rs 272.35 crore in the preceding July-September 2022 period, according to a company’s stock exchange filing.
Coal India
Coal India on Tuesday said its net profit in the third quarter was Rs 7,719 crore, up 69 per cent from Rs 4,557 crore a year ago.
