Indian Oil Corporation Loss Narrows To Rs 329.17 Crore

03 November, Mumbai

Indian Oil Corporation Ltd has reported a net loss of Rs 329.17 crore for the quarter ended September 30, 2015 as compared to net loss of Rs 898.46 crore for the quarter endedSeptember 30, 2014.

Total Income has decreased from Rs 112,121.01 crore for the quarter ended September 30, 2014 to Rs 85,961.35 crore for the quarter ended September 30, 2015.

Operating margin for the quarter stood at 0.81 percent as compared to 0.32 percent for the previous year period. Operating Income for the quarter was Rs 694.87 crore, compared with Rs 356.14 crore inthe previous year period.

Earnings per share stood negative at Rs 1.36 compared with negative Rs 3.70 in the same quarter last year.