IOC net profit rises 17 pct in March quarter; share price 1 pct down

State-owned Indian Oil Corp (IOC) Friday reported a 17 per cent rise in its fourth-quarter net profit at Rs 6,099.27 crore. Net profit in January-March 2018 was Rs 5,218.10 crore, the company said in a regulatory filing. Turnover rose to Rs 1.44 lakh crore in the January-March quarter from Rs 1.37 lakh crore a year earlier.