The state-owned company had reported a net profit of Rs 6,099 crore a year earlier.
Reuters
Indian Oil Corp Ltd, the country's top refiner, reported a net loss of Rs 5,185 crore in the March quarter on Wednesday, hurt by higher inventory losses.
The state-owned company had reported a net profit of Rs 6,099 crore a year earlier.
Revenue from operations for the reported quarter fell 2.7 percent to Rs 1.4 lakh crore.
Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.
WEBINAR: Tune in to find out how term insurance can provide risk protection during tough times. Register Now!
First Published on Jun 24, 2020 05:06 pm