<p>Indian Oil Corp Ltd on Wednesday reported a profit for the fourth quarter as higher crude prices boosted the inventory value of the country's biggest refiner.</p>.<p>The state-owned company reported a net profit of 87.81 billion Indian rupees ($1.20 billion) for the quarter ended March 31, compared with a loss of 51.85 billion rupees a year ago.</p>.<p>Revenue rose 18% to 1.64 trillion rupees.</p>
<p>Indian Oil Corp Ltd on Wednesday reported a profit for the fourth quarter as higher crude prices boosted the inventory value of the country's biggest refiner.</p>.<p>The state-owned company reported a net profit of 87.81 billion Indian rupees ($1.20 billion) for the quarter ended March 31, compared with a loss of 51.85 billion rupees a year ago.</p>.<p>Revenue rose 18% to 1.64 trillion rupees.</p>