IOC Q2 Results: Net profit swings to ₹21,630 crore QoQ; revenue at ₹2.50 lakh crore
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…
