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IOC posts Q2 net profit of ₹180 cr
Millennium Post Delhi
|October 29, 2024
NEW DELHI: Indian Oil Corporation (IOC) reported Revenue from Operations of Rs 4,11,138 crore for the period April - September 2024 as compared to Rs 4,23,457 crores in the corresponding period of the previous financial year.
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The Net Profit for the six months ended September 30, 2024 is Rs 2,823 crore as compared to Rs 26,718 crore during the corresponding period mainly on inventory losses, reduced refining margins affected by lower cracks in line with the international trends and suppressed marketing margins during the current period.
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