Indian Oil Corporation on Saturday reported a massive 209 per cent jump in its net profit to Rs 2403.44 crore (Rs 24.03 billion) in the quarter ended December 31, 2003 as against Rs 776.56 crore (Rs 7.76 billion) in the corresponding quarter last fiscal.

IOC's turnover increased from Rs 31,447.97 crore (Rs 314.48 billion) to Rs 35,589.99 crore (Rs 355.90 billion) in October-December 2003, the company informed the Bombay Stock Exchange.