New Delhi, Oct. 27 -- State-run Indian Oil Corp.'s standalone net profit surged multifold in the September quarter, riding on higher refinery margins and better sales.

The company reported a net profit of Rs.7,610.45 crore in the second quarter, up from Rs.180.01 crore a year earlier, according to its exchange filings. Its revenue from operations was Rs.2.03 trillion during the quarter, around 4% higher year-on-year.

The surge in profits was aided by strong performance and growth in refining margins, chairman and managing director Arvinder Singh Sahney told reporters.

The company reported a standalone net profit of Rs.5,688.60 crore in the previous quarter. In Q2 of FY25, the revenue was lower than expenses, and an exceptional income o...