Oil marketing company Indian Oil Corporation’s third Quarter
earnings beat analyst expectations on Monday as standalone profit during the quarter more than doubled to Rs 7,883 Crore
, from Rs 3,696.3 crore in previous quarter.
The bottomline was far ahead of CNBC-TV18 poll of Rs 5,222 crore for the quarter.
Revenue from operations grew by 22.2 percent to Rs 1.1 lakh crore in Q3, compared to Rs 90,567 crore in September quarter, the company said in its filing.
Asian indexes traded lower, tracking declines seen on Wall Street in the previous session.
Tokyo’s benchmark Nikkei
225 index fell 1.33 percent while China’s Shanghai Composite was down 0.7 percent.
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