Ioc Q2 Results News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Ioc q2 results. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Ioc Q2 Results Today - Breaking & Trending Today
State-owned Indian Oil Corporation (IOC) on Tuesday reported a return to profitability with a net profit of 12,967.32 crore in the three months to September 30 - more than half of its best-ever annual profit in just one quarter. ....
IOC Q2 Results: Revenue from operations fell 11% to Rs 2.02 lakh crore in the reporting quarter, compared with Rs 2.28 lakh crore in the same quarter of last year. The average gross refining margins (GRM) for the period April- September period stood at $13.12 per bbl, down from $25.49 per bbl in the same period last year. ....
Indian Oil, among other oil refining companies in India, benefited from discounted Russian crude and significant inventory gains in Q2, offsetting the impact of unchanged retail prices of petrol and diesel. ....
IOC reported a 2.1 per cent rise in net profit in the second quarter of the current fiscal as lower inventory gains offset better operational performance. ....