IOC net profit dips 91% to ₹716cr on falling crude

Net profit stood at about Rs 716 crore, or 76 paise per share, in the October-December 2018 period against more than Rs 7,883 crore in the year-ago period, company chairman Sanjiv Singh told reporters. “The variation is mainly on account of inventory losses which were partly made up from forex gains,” he said

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