IndianOil net doubles to ₹4,917 crore on inventory, forex gains

By Biju KumarJanuary 30, 2021

NEW DELHI: Indian Oil Corp’s quarterly profit more than doubled from a year earlier on inventory and foreign exchange gains and higher petrochemicals margins.

Net profit for the October-December quarter rose to ₹4,917 crore from ₹2,339 crore a year earlier. Revenue rose 1 per cent to ₹1,46,599 crore. The company did not provide details of inventory gains or margins.