Indian Oil Corporation (IOC) on Wednesday reported a 51.5 per cent jump in the first quarter net profit to Rs 944.67 crore, against Rs 624.99 crore in the same period last year.
Turnover during the April-June quarter improved 10.7 per cent to Rs 30,874 crore, against Rs 27,898 crore in the same period last year.
IOC chairman MS Ramachandran said the demand for petroleum products was likely to increase in the current financial year following a good monsoon and increased agricultural and industrial activities.
The company
