IOC Q2 Results: Net profit swings to ₹21,630 crore QoQ; revenue at ₹2.50 lakh crore

IOC reported a net profit of ₹21,630 crore in Q2, compared with a loss of ₹2,661 crore in Q1. EBITDA rose to ₹30,297 crore from ₹1,947 crore, while revenue declined 4.6% to ₹2.50 lakh crore and EBITDA margin improved to 12%.