BusinessPhoto: NDTV BusinessIndian Oil Q2 Profit Surges to Rs 21,630 Crore on Margin Expansion
Indian Oil Corporation reported a net profit of Rs 21,630 crore in the September quarter, reversing a loss of Rs 2,661 crore in the previous quarter and surpassing the market estimate of Rs 6,268 crore. Revenue was Rs 2.50 lakh crore, slightly down 4.6% sequentially but in line with estimates. EBITDA rose sharply to Rs 30,297 crore from Rs 1,947 crore, with margins expanding to 12.1% from 0.7%.
NDTV Business·



