Indian Oil Corporation (IOC) on Monday reported a 19 per cent growth in third quarter net profit as the rise in refining margins negated the fall in marketing margins for keeping petrol and diesel prices unchanged despite rise in cost.
Net profit of Rs 5,860.80 crore in October-December 2021 was 19.2 per cent higher than Rs 4,916.59 crore profit in the same period a year back, the company said in a statement.
