October 30, 2020 2:06:14 pm
Indian Oil Corp Ltd, the nation’s prime refiner, reported an eleven-fold rise in second-quarter revenue on Friday, boosted by stock beneficial properties.
Web revenue for the state-owned firm rose to 62.27 billion rupees ($842.14 million) within the three months ended Sept.30, from 5.63 billion rupees a yr earlier.
Analysts on common had anticipated a revenue of 28.20 billion rupees, in accordance with Refinitiv information.
Common gross refining margin for the April-September interval, the distinction between the price of crude oil processed and the costs of refined merchandise, rose to $3.46 per barrel from $2.96 per barrel.
Income from operations fell 12.1% to 1.16 trillion rupees.
($1 = 73.9430 Indian rupees)
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