Indian Oil Corporation profit falls 47% to Rs 1,911 cr

New Delhi, July 31 Indian Oil Corporation (IOC), the country's biggest oil firm, on Friday reported a 47% drop in its June quarter profit at Rs 1,910.84 crore as the pandemic outbreak pummelled fuel demand and shrank refining margins. Income...

Indian Oil Corporation profit falls 47% to Rs 1,911 cr

New Delhi, July 31

Indian Oil Corporation (IOC), the country's biggest oil firm, on Friday reported a 47% drop in its June quarter profit at Rs 1,910.84 crore as the pandemic outbreak pummelled fuel demand and shrank refining margins. Income from operations fell to Rs 88,936.54 crore in April-June from Rs 150,136.70 crore a year ago. — PTI