Indian Oil net profit rises 25.4% in June quarter
India’s largest commercial enterprise Indian Oil on Monday posted a 25.4% year-on-year increase in its net profit at ₹8,270 crore for the quarter ended June. The company's total income, however, declined marginally by 6.1% to ₹1.07 lakh crore for the period under review. Further, the company board has recommended the issue of bonus shares in the ratio of 1:1. 