IndianOil has registered a profit of INR38.18 billion for the second quarter of 2007 compared to INR28.84 billion for the same quarter in the previous year.

The throughput of the firm’s refineries and pipelines network for the quarter, at 11.04 million tonnes and 13.4 million tonnes, respectively, was also higher than that of the corresponding quarter of the previous year.

For the first six months ended September 2007, the company’s net profit was INR52.86 billion as against INR42.05 billion for the same period of the previous year, an increase of 25.7%. The company’s gross turnover increased by 3.92% to INR112.497 billion during the first half of 2007 from INR108.248 billion for the corresponding period of the previous year.

The company sold 29.87 million tonnes of products, including gas and exports, during the first half of fiscal 2007. The throughput of IndianOil’s refineries and pipelines network was 23.06 million tonnes and 28 million tonnes, respectively, for the same period.