Indian Oil Corporation (IOC) has reported a 46% decline in net profit at Rs 1286.76 crore for third the quarter ended December 31, 2004 as compared to Rs 2403.44 crore in Q3FY04. According to a release issued to the BSE, total income has increased 19% from Rs 31196.29 crore in Q3-03 to Rs 37274.05 crore for the quarter ended December 31, 2004.
