IOC Q3 profit plunges 76% to Rs 696.59 cr
Quotes

IOC Q3 profit plunges 76% to Rs 696.59 cr

Last Updated: Friday, January 29, 2010, 18:05
 
 Comment 0
 
IOC Q3 profit plunges 76% to Rs 696.59 cr
New Delhi: Indian Oil Corporation (IOC), the country's largest refiner, today reported a steep decline of 76.45 percent in net profit at Rs 696.59 crore for the third quarter ended December.      The state-run oil major had a net profit of Rs 2,958.59 crore during the October-December quarter last financial year.   However, net sales of the company rose to Rs 65,225.72 crore during the December quarter of the current fiscal from Rs 61,301.67 crore of the corresponding quarter a year earlier, IOC said in a filing to the Bombay Stock Exchange.      For the nine-month period ended December 2009, IOC posted a net profit of Rs 4663.78 crore, while the company had a net loss of Rs 3673.41 crore during the year ago period.      Shares of IOC today closed at Rs 301.30, marginally down by 0.36 percent on the BSE.   PTI


First Published: Friday, January 29, 2010, 18:05


Comments


comments powered by Disqus
World Economic Forum 2015
World Economic Forum 2015
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved