Indian Oil Corporation reports consolidated net loss of Rs 910 crore in Q2FY23
31st Oct 2022

Indian Oil Corporation has reported results for second quarter ended September 30, 2022.

The company has reported net loss of Rs 272.35 crore for Q2FY23 as against net profit of 6360.05 crore for the corresponding quarter previous year. However, total income of the company increased by 34.67% to Rs 230557.78 crore for the quarter under review as compared to Rs 171204.49 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported net loss of Rs 910.21 crore for Q2FY23 as against net profit of 6,235.39 crore for the corresponding quarter previous year. However, total income of the company increased by 35.42% to Rs 233800.98 crore for the quarter under review as compared to Rs 172646.31 crore for the same quarter in the previous year.