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India’s biggest oil guzzler, IOCL yesterday reported Rs. 70.92 billion in profits, a 50.27% hike for Q1. Net income for the retailer rose to Rs 1.52 trillion during the first quarter of the 2018-19. IOCL had posted Rs 47 billion in profits for the first quarter of 2017. IOCL reported expenses at Rs 1.42 trillion against Rs 1.25 trillion in the corresponding quarter from 2017.
