State-run Indian Oil Corporation Limited (IOCL) reported a 52% jump in net profit at Rs 2,488 crore for the quarter ended December 2011. The company reported a net profit of 1,635 crore in the same period a year ago.
Net sales rose 29.4% to Rs 98,272 crore from Rs 75,891 crore in December 2010.
The company reported a forex loss of Rs 4,315 crore during the quarter.
The company's stocks were trading flat at Rs 276 apiece on Bombay Stock Exchange.