Indian Oil Corporation, the nation’s largest oil firm, reported a 67 per cent jump in its March quarter net profit on the back of a recovery in fuel marketing margins and better refining margins.
Standalone net profit was at Rs 10,058.69 crore in January-March compared with Rs 6,021.88 crore, in the same period a year back, according to a company’s stock exchange filing.
IOC chairman S.M. Vaidya, said, “IndianOil sold 95.714 million tonnes of products, including exports, during FY 2022-23.
