The company’s net profit declined 33 percent sequentially, as it posted a profit of Rs 13,713.08 crore for the December quarter. Profit slipped in Q3 from last quarter amid large inventory losses and sharp decline in diesel cracks.
Indian Oil Corporation Wednesday reported a massive jump in its third-quarter net profit as compared to the year-ago period when it was financially struggling as input raw material crude oil prices spiked but retail finished product prices remained on freeze