Indian Oil Corporation (IOC) has announced its third quarter results of FY10. Its net profit went down 76.5% at Rs 696.6 crore from Rs 2,958.6 crore.
Sales fell 0.96% to Rs 69,707.5 crore as against Rs 70,834.7 crore. The operating profit margin (OPM) declined to 0.5% from 4.59%.
The company has received cash of Rs 4,482.5 crore from the government, which was factored in OPM and bottomline.
Gross refining margin (GRM) stood at USD 4.84 a barrel. Refinery Throughput was up 4.1% at 12.53 MMT.
Source: CNBC-TV18Courtesy moneycontrol.com
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