New Delhi, Jan 29 (Inditop.com) State-run Indian Oil Corporation (IOC) has seen a sharp dip of over 76 percent in its net profit for the third quarter this year as compared to the same period last year.
In a regulatory statement, IOC said its net profit for the quarter ending Dec 31, 2009, was Rs.6.95 billion, compared to Rs.29.58 billion for the same period in 2008.
The total income has decreased slightly for the period to Rs.710.88 billion in 2009 from Rs.723.51 billion in 2008 – a difference of just over one percent.
