IOC Q2 profit at Rs 12,967 crore; H1 numbers top best-ever annual earning

Indian Oil Corporation (IOC) has reported a net profit of Rs 12,967.32 crore in the three months ending September 30, driven by higher refining and marketing margins. This represents more than half of its best-ever annual profit in just one quarter. The profit was aided by a boost in marketing margins, as well as a freeze on...