Indian Oil posts 4.15 Bn net profit in first quarter

Wednesday, 30 July 2008, 07:00 Hrs
Printer Print Email Email
New Delhi: Hit by soaring international crude prices in the first quarter this fiscal, the state-owned Indian Oil (IOC) saw its net Q1 profit dipping to 4.15 billion, compared to 14.68 billion it posted in the same period last year, the company announced Wednesday.

However, its net sales rose to 744.96 billion from 528.62 billion.

The total income increased from 545.53 billion for the first quarter last year to 891.49 billion for the quarter ended June 30, 2008.
Source: IANS
SPOTLIGHT
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..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
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..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..