Indian Oil Corporation Net Profit Soars To ₹ 13,750 Crore In Q1

Standalone net profit of ₹ 13,750.44 crore, or ₹ 9.98 per share, in April-June (the first quarter of current fiscal year 2023-24) compared with a loss of ₹ 1,992.53 crore in the same period a year back, according to a company's stock exchange filing.

New Delhi: India's top oil firm IOC on Friday reported a net profit of ₹ 13,750 crore in three months to June 30 - the highest in a decade - as margins on petrol and diesel turned positive on softer oil prices