Indian Oil Corporation Limited on Wednesday reported its third quarter profit for the financial year 2023-24 at Rs 9220.85 crore, up 935.7 per cent in comparison to Rs 890.28 crore during the same period last year, surpassing estimates. It posted revenue from operations at Rs 2,26,892.08 crore, down 2.3 per cent as against Rs 2,32,303.20 crore during the third quarter of FY23. According to a CNBC TV18 poll, IOC was expected to record Q3 profit at Rs 4387 crore.
While the total income recorded for the quarter ended December 31, 2023 was at Rs 2,28,160.31 crore, total expenses incurred during the quarter in review stood at Rs 2,16,802.74 crore.
