IOC net profit drops 46 percent in Q3
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IOC net profit drops 46 percent in Q3

By siliconindia staff writer   |   Monday, 31 January 2005, 08:00 Hrs
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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.

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