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Indian Oil Q3 Results: Profit Falls 21% As Expenditure Jumps

Indian Oil’s profit fell on increase in raw material and finance costs, and higher taxes.

Sameer Bhardwaj
An Indian Oil Corporation petrol station is pictured in New Delhi, India. (Photographer: Amit Bhargava/Bloomberg News)

Indian Oil Corp.’s quarterly profit fell on higher raw material and finance costs, and an increase in higher taxes.

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