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Earnings

Indian Oil Corp Q3 profit plunges about 91% as global crude prices take toll

Updated : January 30, 2019 02:09 PM IST

Net profit came in at Rs 717 crore ($100.66 million) in the quarter ended Dec. 31, 2018, compared with Rs 7,883 crore a year earlier.
Average gross refining margin declined to $5.83 per barrel in the April-December period from $8.28 per barrel in the year-ago period, the country's top refiner said on Wednesday. 
Indian Oil Corp Q3 profit plunges about 91% as global crude prices take toll

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