 Indian Oil's profit rises 97% to â¹7,883 cr in Dec quarter
State-run Indian Oil Corporation (IOC) on Tuesday reported a 97.3% year-on-year increase in net profit to â¹7,883.2 crore for the December quarter, compared to â¹3,994.9 crore in the same period last fiscal. The company's revenue increased about 13% to â¹1.32 trillion during the same quarter. Shares of the company surged about 4% during intraday trade after it announced the results.