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Indian Oil Corporation's Q1 net profit slips 47% to Rs 1,910 crore; domestic sales down 26%

Updated : July 31, 2020 04:33 PM IST

The country's biggest oil firm on Friday reported a standalone revenue drop of 69 percent year-on-year to Rs 88,936 crore.
Net profit also slipped to Rs 1,910 crore as against Rs 3,396 crore in the corresponding quarter last year due to declining refining margins. 
Indian Oil Corporation's Q1 net profit slips 47% to Rs 1,910 crore; domestic sales down 26%

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