IOC Q1 net dips 71.73 pc at Rs 415.13 cr

New Delhi, Jul 30: State-run Indian Oil Corporation Ltd (IOC) on Wednesday, July 30 said it has registered a sharp decline of 71.73 per cent in its net profit to Rs 415.13 crore for the quarter ended June 2008 as compared to Rs 1,468.41 crore during the same period a year ago.

The company's Q1 FY09 total income, however, surged 63.42 per cent to Rs 89,148.57 crore from Rs 54,553.01 crore in Q1 FY08.

UNI