Indian Oil Q1 net profit stands at Rs 1,780 cr

Mumbai, Jul 31: State-owned Indian Oil Corporation Ltd (IOC) has posted a net profit of Rs 1,780.52 crore for the quarter ended June 30, 2006 as compared to net loss of Rs 57.93 crore for the quarter ended June 30, 2005.

Announcing the results, the company said its total income has increased from Rs 38,835.24 crore for the quarter ended June 30, 2005 to Rs 49,003.64 crore for the quarter ended June 30, 2006.

UNI