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IndianOil brings in ₹12,967 crore net profit
The Business Guardian
|November 02, 2023
India's largest PSU oil refining and marketing company, IndianOil, posted a net profit of Rs 12,967 crore in Q2 FY24, crossing over from a net loss of Rs 272 crore a year ago.
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The net profit was on the back of lower crude oil input costs and inventory gains, the company's financial results showed on Tuesday. The revenue from operations of Indian Oil is 2,02,312 crore in Q2 2023-24 as compared to 2,28,363 crore in the corresponding quarter of the previous financial year.
This story is from the November 02, 2023 edition of The Business Guardian.
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