According to a Bloomberg poll of two brokerages, IOCL will report a profit of Rs 7,576.10 crore. Revenue is expected to be around Rs 1.91 trillion, according to six brokerages, while two brokerages peg the EBITDA at Rs 20,698.80 crore
The firm s profit rose to Rs 737.6 crore in the June quarter from Rs 507.9 crore in the year-ago period on healthy domestic market growth and a 17 percent increase in exports
The firm reported net profit of Rs 402.81 crore in June quarter against Rs 222.55 crore a year ago. Despite facing lower commodity prices, the company s revenue for the quarter surged by 42 percent year-on-year