{"id":285364,"date":"2019-08-01T04:57:54","date_gmt":"2019-08-01T04:57:54","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=285364"},"modified":"2019-08-01T05:06:42","modified_gmt":"2019-08-01T05:06:42","slug":"ioc-reports-47-drop-in-q1-net-profit-after-refinery-margins-slump","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-reports-47-drop-in-q1-net-profit-after-refinery-margins-slump\/","title":{"rendered":"IOC reports 47% drop in Q1 net profit after refinery margins slump"},"content":{"rendered":"<p>State-owned Indian Oil Corp (IOC) on Wednesday reported a 47 per cent drop in its first quarter net profit after refinery margins slumped. <\/p>\n<p>IOC reported a consolidated net profit of Rs 3,737.50 crore, or Rs 4.07 per share in April-June quarter this year, as compared to a net profit of Rs 7,092.42 crore, or Rs 7.48 a share, a year ago, the company said in a regulatory filing. <\/p>\n<p>Revenue was almost flat at Rs 1.53 lakh crore in the first quarter of the 2019-20 fiscal year. <\/p>\n<p>The company earned $4.69 on turning every barrel of crude oil into fuel in April-June this financial year, down from $10.21 per barrel average gross refining margin in the corresponding quarter of the previous fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Indian Oil Corp (IOC) on Wednesday reported a 47 per cent drop in its first quarter net profit after refinery margins slumped. IOC reported a consolidated net profit of Rs 3,737.50 crore, or Rs 4.07 per share in April-June quarter this year, as compared to a net profit of Rs 7,092.42 crore, or Rs 7.48 a share, a year ago, the company said in a regulatory filing. Revenue was almost flat at Rs 1.53 lakh crore in the first quarter of the 2019-20 fiscal year. The company earned $4.69 on turning every barrel of crude oil into fuel in [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-285364","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/285364","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=285364"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/285364\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=285364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=285364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=285364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}