State-owned Indian Oil Corporation Ltd (IOC) on Friday (October 30) reported a net profit of ₹21,630 crore for the second quarter, compared with a loss of ₹2,661 crore in the previous quarter.
Revenue from operations declined 4.6% quarter-on-quarter to ₹2.50 lakh crore from ₹2.62 lakh crore.
Earnings before interest, tax, depreciation and amortisation (EBITDA) surged to ₹30,297 crore from ₹1,947 crore in the preceding quarter. The EBITDA margin expanded to 12% from 0.7% quarter-on-quarter.
Shares of Indian Oil Corporation Ltd ended at ₹130.00, down by ₹0.15, or 0.12%, on the BSE.