Indian Oil Corporation reports first-ever back-to-back quarterly loss
NEW DELHI: State-owned Indian Oil Corporation (IOC) on Saturday reported a net loss of Rs 272.35 crore for the second quarter of financial year 2022-23 (Q2FY23) despite booking over Rs 10,800 crore of LPG subsidy it received from the government after the quarter ended. The company reported a net profit of Rs 6,360.05 crore for Q2FY22, according to a company’s filing with the stock exchanges.
