{"id":124501,"date":"2017-08-04T11:26:31","date_gmt":"2017-08-04T11:26:31","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=124501"},"modified":"2017-08-04T11:26:31","modified_gmt":"2017-08-04T11:26:31","slug":"hpcl-q1-profit-falls-56-to-rs-925-cr-misses-estimates","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hpcl-q1-profit-falls-56-to-rs-925-cr-misses-estimates\/","title":{"rendered":"HPCL Q1 profit falls 56% to Rs 925 cr, misses estimates"},"content":{"rendered":"<p>State-owned oil refiner Hindustan Petroleum Corp said on Friday profit fell 56 per cent in the first quarter of the current financial year, missing analysts&#8217; estimates.<\/p>\n<p>Net profit for the quarter ended June 30 came in at Rs 925 crore ($145.26 million), from Rs 20.98 billion a year earlier, the company said. <\/p>\n<p>Analysts on average expected a profit of Rs 1,028 crore in the quarter, according to Thomson Reuters data.<\/p>\n<p>Gross refining margins, or profit earned on each barrel of crude processed, dropped to $5.86 per barrel, compared with $6.83 per barrel in the same period last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned oil refiner Hindustan Petroleum Corp said on Friday profit fell 56 per cent in the first quarter of the current financial year, missing analysts&#8217; estimates. Net profit for the quarter ended June 30 came in at Rs 925 crore ($145.26 million), from Rs 20.98 billion a year earlier, the company said. Analysts on average expected a profit of Rs 1,028 crore in the quarter, according to Thomson Reuters data. Gross refining margins, or profit earned on each barrel of crude processed, dropped to $5.86 per barrel, compared with $6.83 per barrel in the same period last year.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-124501","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/124501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=124501"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/124501\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=124501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=124501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=124501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}