State-owned Indian Oil Corporation has reported its September quarter net profit at Rs 3,696 crore. The company said in the BSE filing that September quarter revenue from operations increased 10 per cent and was at Rs 1.11 lakh crore versus Rs 1 lakh crore last year.
The average gross refining margin was at $6.08 per barrel for April-Sept period.
The company’s net profit in September quarter last year was Rs 3,122 crore.
