Country's largest oil firm, Indian Oil Corporation (IOC) on Thursday reported a rise in its total income from operations at Rs 4.88 lakh crore for the financial year ending on March 31, 2014. Company's net profit for the year also almost doubled to Rs 6,966.58 crore over the previous fiscal of FY13.
IOC Chairman R S Butola while speaking to media persons said that the total income rose by 5.75 per cent during FY14 to Rs 4.88 lakh crore as against Rs 4.61 lakh crore of the corresponding period. The biggest surge was seen in its annual net profit which jumped by 92 per cent to Rs 6,966.58 crore as against Rs 3,627.3 crore in the same period last year.