28/07/2023 2:40:52 PM | Source: Reuters
Indian Oil Corp swings to Q1 profit on higher marketing margins
Indian Oil Corp Ltd (IOC) reported a first-quarter profit on Friday, as the country's top refiner benefited from higher fuel sales and marketing margins.
The state-owned company's net profit was 137.50 billion rupees ($1.67 billion) for the quarter ended June 30, compared with a loss of 19.93 billion rupees, a year earlier.
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