IOCL Q4 Results: Net profit jumps 50% despite unpaid LPG subsidies

Indian Oil Corporation (IOC) recorded a 50% increase in net profit in the March quarter, thanks to inventory gains and increased processing of crude oil. The company’s standalone net profit was Rs 7,264.85 crore, despite losses from selling subsidised cooking gas. It also experienced growth in market share and revenue, but a decrease in refinery […]