26-April-2024
Corporate News
 
IOCL profit surges 211% to Rs 5,941 crore in Q1 on inventory gains
31-Jul-2021

State-run Indian Oil Corporation (IOCL) on Friday reported a net profit of Rs 5,941.4 crore on a standalone basis for the quarter ended June 30, recording a 210.9% rise from the same period a year ago. The oil refining and marketing company attributed the increase in profit to inventory gains, stemming from fluctuations in global oil prices and rising margins of petrochemical products.

News Source:- https://www.financialexpress.com/industry/iocl-profit-surges-211-to-rs-5941-crore-in-q1-on-inventory-gains/2301137/
 
 
 

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