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Last Updated : Jun 24, 2020 05:33 PM IST | Source: Reuters

Indian Oil Corp posts March quarter loss of Rs 5,185 crore as inventory losses surge

The state-owned company had reported a net profit of Rs 6,099 crore a year earlier.

Reuters
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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.

 

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First Published on Jun 24, 2020 05:06 pm
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