IndianOil records net profit of Rs. 9,611.35 cr
New Delhi   12-Nov-2012

The IndianOil Corporation has reported a net profit of Rs. 9,611.35 cr in the quarter ended September 30 as against a net loss of Rs 7,485.55 cr in the corresponding period of the last financial year. The company's total income rose to Rs. 106,848.25 cr in the second quarter of the current fiscal. IndianOil said the profit resulted after the government approved a discount of Rs. 16,184.91 cr in the past quarter towards part of the under-recovery on the company's sales of high-speed diesel, kerosene and LPG, compared with a discount of Rs. 11,853.23 cr in the like quarter of 2011.