IOC net profit drops 46 percent in Q3

By siliconindia staff writer   |   Monday, 31 January 2005, 08:00 Hrs
Printer Print Email Email
NEW DELHI:The country's largest petroleum company Indian Oil Corp., today reported a 46 percent drop in its net profit at Rs 1286.76 crore for the third quarter ended December 31, 2004 over the same quarter last fiscal.

The company had recorded a higher net profit of Rs 2403.44 crore in October-December 2003.

IOC's revenues, however, rose from Rs 31196.29 crore in October-December 2003 to Rs 37274.05 crore this year.


SPOTLIGHT
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..