Indian Oil's third quarter net up 41 percent

Friday, 30 January 2009, 10:04 Hrs
Printer Print Email Email
New Delhi: State-run oil major Indian Oil Corp (IOC) Friday said its net profit increased 41.5 percent to 29.58 billion for the quarter ended Dec 31 as compared to 20.9 billion in the corresponding period a year ago.

The total income of the company rose 10.6 percent to 723.51 billion in the quarter under review from 654.04 billion, a company statement said.

IOC's net sales improved 3.9 percent to 61,285.67 crore (612.85 billion) in October-December from 58,960.05 crore (589.60 billion) a year ago.

However, the company reported a net loss of 3,673.41 crore (36.73 billion) in the first nine months of the current fiscal mainly due to losses in the second quarter.
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..
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..
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..