Indian Oil Corporation reported a Rs 3,696 crore net profit for the second quarter of 2017-2018. This is 18 per cent higher than the Rs 3,122 crore bottomline reported by the public sector refiner in the corresponding quarter of the last financial year. Speaking to reporters, Indian Oil Chairman Sanjiv Singh said: "Revenue from operations for the quarter ending September 30, 2017, was Rs 1,10,637 crore as compared to Rs 98,708 crore adjusted for the impact of the Goods and Services Tax (GST) in the corresponding quarter of 2016-2017. This indicates a growth of 12.1 per cent in revenue." This is first quarter that saw the impact of GST exclusion of petrol and diesel on Indian Oil's balance sheet.
展开▼
