Browsing: IOC net profit drops 81 pc in Q1

 Low refining margin, fuel under-recoveries are the reason, says reportMumbai, July 31:Indian Oil Corporation (IOC), the nation’s largest oil firm, on Tuesday reported a 81 per cent drop in June quarter net profit, as refinery and marketing margins fell and the firm booked under-recovery on the sale of domestic cooking gas LPG at government