Indian Oil profit rises 40% to â¹5,218 cr in March quarter
State-run Indian Oil Corporation (IOC) on Tuesday reported a 40% increase year-on-year in its net profit to â¹5,218 crore for the March quarter, compared to â¹3,720 crore in the same quarter last fiscal. The company's revenue from operations jumped about 12% to â¹1.37 lakh crore. Shares of the company plunged over 3% after it announced the results.