New Delhi, Aug. 14 -- State-run Indian Oil Corp. Ltd on Thursday reported an 83% increase in its consolidated net profit to Rs.6,808.12 crore, up from Rs.3,722.63 crore in the year-ago period.

Speaking to reporters, Arvinder Singh Sahney, the chairman and managing director of Indian Oil, highlighted higher sales, both domestic and export and refinery throughput. The company reported the highest-ever quarterly sales volumes of 26.3 million metric tonnes. In the same period last fiscal, the company had reported 25.2 million metric tonnes of sales.

"We achieved the highest-ever quarterly sales (in Q1). Petroleum sales, POL (petroleum, oil and lubricants) is up by 4% (quarter-on-quarter basis) at 22.4 million tonnes. Petchem (petrochemical)...