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A logo of Indian Oil is seen on the shirt of an employee at a fuel station in New Delhi, August 29, 2016. REUTERS/Adnan Abidi/File Photo
BENGALURU (Reuters) – Indian Oil Corp Ltd, the country’s top refiner, reported a threefold rise in December-quarter profit on Thursday.
Net profit for the state-owned company was 23.39 billion rupees ($329.11 million) in the quarter ended Dec. 31, compared with 7.17 billion rupees a year earlier.
Revenue from operations for the reported quarter fell 9.4% to 1.45 trillion rupees.
($1 = 71.0700 Indian rupees)
Reporting by Nallur Sethuraman in Bengaluru; Editing by Shounak Dasgupta
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