IOC Q3 results: Profit jumps 3-fold to Rs 2,339 crore; net sales drop 10%
IndianOil (IOC) on Thursday reported a three-fold jump in standalone net profit at Rs 2,339 crore for December quarter compared with Rs 716.82 crore in the same quarter last year.
Profit rose even as net sales dropped 9.57 per cent to Rs 1,44,819.88 crore from Rs 1,60,137.96 crore in the same quarter last year.
Foreign exchange loss for the quarter stood at Rs 181.90 crore compared with Rs 2,084.12 crore in the year-ago quarter.
