Indian Oil Corporation reported around 50% jump in the consolidated net profit for the first quarter of this fiscal at INR 7,092.41 Crore. India’s largest fuel retailer had registered a net profit of INR 4,719.71 Cr in the same quarter of the previous year.

The net income raised to INR 1,52,377 Cr during the April-June quarter of the year 2018-19 from INR 1,32,234 Cr in the last year. In short, IOC is on the way and gaining huge profit quarter by quarter. This might be a good chance for investors to earn some handsome amount.

At 10 August 2018 3:49 PM IST, the share price was quoting at INR 165.85 up 0.45 or 0.27%.

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