BENGALURU (Reuters) – Indian Oil Corp Ltd (IOC) reported a profit for the second-quarter on Tuesday, compared to a loss year ago, as the country’s top refiner benefited from higher refining margins.
The state-owned company posted a net profit of 129.67 billion rupees ($1.56 billion) for the quarter ended Sept.
30, compared with a loss of 2.72 billion rupees a year earlier. ($1 = 83.2404 Indian rupees)
(Reporting by Sethuraman NR in Bengaluru; Editing by Savio D’Souza)
