Business Ideas
IOC Q3 profit plunges 76% to Rs 697 cr
Indian Oil Corporation (IOC), the country"s largest refiner, today reported a steep decline of 76.45 per cent in net profit at Rs 696.59 crore for the third quarter ended December. - NTPC Q3 net up 5% to Rs 2,365 cr - Apollo Tyres Q3 net zooms over 18 times on topline growth - Great Eastern Shipping Q3 net dips 68% to Rs 94 cr - Tata Comm Q3 net zooms threefold to Rs 282 cr - Daiichi swings to profit of $43 mn in Apr-Dec - BEML Q3 net dips 21% to Rs 46 cr The state-run oil major had a net profit of Rs 2,958.59 crore during the October-December quarter last financial year. However, net sales of the company rose to Rs 65,225.72 crore during the December quarter of the current fiscal from Rs 61301.67 crore of the corresponding quarter a year earlier, IOC said in a filing to the Bombay Stock Exchange. For the nine-month period ended December 2009, IOC posted a net profit of Rs 4663.78 crore, while the company had a net loss of Rs 3673.41 crore during the year ago period. Shares of IOC today closed at Rs 301.30, marginally down by 0.36 per cent on the BSE.Payday Loans commented:
In today\'s crisis such decline is not news for a big sorrow . IOC will do the best in coming years. They will take growth and upward move soon.
09.12.2011
payday loans with bad credit commented:
Decline of profits is shown about Indian oil corporation.They are doing their best to deal with these loss and convert them into profitable ones in coming years.
14.03.2012