Indian Oil Corporation(IOC) on Wednesday reported a 47.36 per cent year-on-year drop in standalone profit at Rs 3,596.11 crore in June quarter, still beating ET Now poll estimate of Rs 1,077 crore by a wide margin. The oil major had reported Rs 6,831.13 crore profit in the same quarter last year. On sequential basis, profit fell 41 per cent.
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Indian Oil Corporation(IOC) on Wednesday reported a 47.36 per cent year-on-year drop in standalone profit at Rs 3,596.11 crore in June quarter, still beating ET Now poll estimate of Rs 1,077 crore by a wide margin. The oil major had reported Rs 6,831.13 crore profit in the same quarter last year. On sequential basis, profit fell 41 per cent.
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Watch IOC Q1 net profit drops 47% to Rs 3,596 cr With HD Quality
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Indian Oil Corporation on Thursday posted a 82.65 per cent year-on-year fall in profit at Rs 563.42 crore for the quarter ended September 30. The firm had posted a profit of Rs 3,246.93 crore in the corresponding quarter last year.Analysts in an ETNOW poll had projected a net profit of Rs 3,710 crore for the quarter under review.Revenue from operations decreased 12.66 per cent to Rs 1,32,375.69 crore in Q2.
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ICICI Bank on Monday reported a 5 per cent year-on-year drop in standalone net profit at Rs 969 crore for March quarter, way below a Rs 2,240 crore estimate that analysts had projected in an ET NOW survey. The private lender had reported Rs 1,020 crore profit for the corresponding quarter last year.
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Mining major Vedanta on Friday said consolidated attributable profit fell 12 per cent year-on-year to Rs 1,351 crore in the June quarter compared with Rs 1,533 crore in the corresponding quarter last year. Analysts in an ET NOW poll had projected a profit of Rs 1,354 crore. Revenue from operations fell 4 per cent to Rs 21,167 crore compared with Rs 21,942 crore in the same quarter last year.
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HCL Technologies on Wednesday reported 7.60 per cent year-on-year dip in profit at Rs 2,220 crore for the quarter ended June 30. Analysts in an ET NOW poll had projected a profit of Rs 2,378 crore. Revenue of the IT major, however, increased 18.40 per cent to Rs 16,425 crore during the quarter under review.
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