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Indian Oil Profit Falls 76.57% on Sluggish Sales
January 28, 2025
|The New Indian Express Dharmapuri
STATE-owned Indian Oil Corporation (IOC) on Monday reported a 76.57% decline in consolidated net profit to ₹2,115 crore for the third quarter (Q3) of the financial year 2024-25 (FY25), due to weaker refining margins and rising expenses.
In the same quarter the previous year, net profit stood at ₹9,029.56 crore. Consolidated revenue from operations fell marginally by 5% to ₹2,15,522 crore, from ₹2,26,892 crore reported in the year-ag
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