Indian Oil Corporation Ltd has posted a net profit of Rs. 24884.40 million for the quarter ended December 31, 2011 as compared to Rs. 16347.60 million for the quarter ended December 31, 2010. Total Income has increased from Rs. 815747.90 million for the quarter ended December 31, 2010 to Rs. 1159893.80 million for the quarter ended December 31, 2011.