IOC Q1 profit jumps 25% to ₹8,269 crore

NEW DELHI: State-owned Indian Oil Corporation reported a 25% jump in first-quarter net profit to ₹8,268.98 crore, against a year ago, as it also declared a 1:1 bonus

NEW DELHI: State-owned Indian Oil Corporation reported a 25% jump in first-quarter net profit to ₹8,268.98 crore, against a year ago, as it also declared a 1:1 bonus share. It earned $9.98 on turning every barrel of crude oil into fuel in April-June, compared to a gross refining margin of $10.77 per barrel in the same period last year.

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