OREANDA-NEWS. IOC has reported a net profit of Rs. 2,523 crore on Income from Operations of Rs. 1,24,957 crore for the quarter ended 30.6.2014. During the corresponding period in the previous year, the Corporation reported a net loss of Rs. 3,093 crore on Income from Operations of Rs. 1,10,467 crore. The increase in net profit during the first quarter of the current year vis-a-vis the same quarter of the last year is mainly attributable to exchange variations and lower interest cost.

Mr. B. Ashok, Chairman, IndianOil, said, "IndianOil sold 19.772 million tonnes of products, including exports, during April-June 2014. Our refining throughput for Q1 2014-15 was 12.866 million tonnes and the throughput of the Corporation's countrywide pipelines network was 18.890 million tonnes during the same period."