Sarkaritel.com News and
IOCL posts Rs 1635 cr profit for Q3
New Delhi, 11
Corporation Ltd (IOCL) has registered a profit of Rs 1635
crore in the third quarter of the current financial year as
compared Rs 697 crore for the same quarter of the previous
IOCL said the profit for the current quarter could be achieved
mainly due to government compensation of Rs 4442 crore for the
The Corporationís Gross Turnover for the same period rose by
16.7 per cent to Rs 82,179 crore from Rs 70,431 crore during
the same period last year.
For the nine-month period, Indian Oilís turnover went up by Rs
35,679 crore while the profit went down by Rs 1,124 crore. The
profits for the period April-December 2010 were Rs 3540 crore
as compared to Rs 4664 crore during the corresponding period
of the previous financial year.
S V Narasimhan, Chairman, IOCL said, ''Indian Oil sold 18.422
million tonnes of products, including exports, during the
third quarter of 2010-11. Our quarterly refining throughput
was 13.319 million tonnes.''