{"id":137655,"date":"2017-11-09T11:37:58","date_gmt":"2017-11-09T11:37:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=137655"},"modified":"2017-11-09T11:37:58","modified_gmt":"2017-11-09T11:37:58","slug":"hindustan-petroleum-q2-profit-more-than-doubles-misses-estimates","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hindustan-petroleum-q2-profit-more-than-doubles-misses-estimates\/","title":{"rendered":"Hindustan Petroleum Q2 profit more than doubles, misses estimates"},"content":{"rendered":"<p>State-owned oil refiner Hindustan Petroleum Corp Ltd&#8217;s second-quarter net profit more than doubled, but fell short of analysts&#8217; estimates.<\/p>\n<p>Net profit for the three months ending September 30 soared to Rs 1,735 crore from Rs 701 crore a year earlier, the company said in a filing on Thursday. <\/p>\n<p>Analysts on average had expected a profit of Rs 2,058 crore, according to Thomson Reuters Eikon data.<\/p>\n<p>Average gross refining margin, the profit earned on each barrel of crude processed, advanced to $6.75 per barrel for the half year ended September 30, from $5.12 per barrel in the same period last year.<\/p>\n<p>Sales grew 13 per cent to Rs 54,153 crore in the quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned oil refiner Hindustan Petroleum Corp Ltd&#8217;s second-quarter net profit more than doubled, but fell short of analysts&#8217; estimates. Net profit for the three months ending September 30 soared to Rs 1,735 crore from Rs 701 crore a year earlier, the company said in a filing on Thursday. Analysts on average had expected a profit of Rs 2,058 crore, according to Thomson Reuters Eikon data. Average gross refining margin, the profit earned on each barrel of crude processed, advanced to $6.75 per barrel for the half year ended September 30, from $5.12 per barrel in the same period last year. [&hellip;]<\/p>\n","protected":false},"author":39,"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-137655","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/137655","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=137655"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/137655\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=137655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=137655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=137655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}