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IndianOil Q4 net up three-fold
Government-owned IndianOil, the country’s largest oil marketing company, has reported a more than three-fold increase in fourth-quarter net profit even as its annual profit dipped 47 per cent to Rs 3,954.62 crore due to the impact of an entry tax in Uttar Pradesh, petrol losses and a higher interest burden. Net profit for the quarter ended March stood at Rs 12,670.43 crore against Rs 3,905.2
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