{"id":299076,"date":"2019-11-01T12:45:41","date_gmt":"2019-11-01T07:15:41","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=299076"},"modified":"2019-11-01T12:54:44","modified_gmt":"2019-11-01T07:24:44","slug":"indian-oil-q2-profit-slumps-83-misses-view","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-q2-profit-slumps-83-misses-view\/","title":{"rendered":"Indian Oil Q2 profit slumps 83%, misses view"},"content":{"rendered":"<p>Indian Oil Corp Ltd, the country&#8217;s top refiner, posted a near 82.7% fall in second quarter profit on Thursday, missing estimates by a huge margin. <\/p>\n<p>Net profit for state-owned IOC came in at 5.63 billion rupees ($79.28 million) in the quarter ended Sept. 30, compared with 32.47 billion rupees a year earlier, IOC said. <\/p>\n<p>Analysts on average had expected a profit of 39.71 billion rupees, according to Refinitiv data. <\/p>\n<p>Average gross refining margin for the April-Sept period &#8211; the difference between the cost of crude oil processed and the prices of refined products &#8211; dropped to $2.96 per barrel from $8.45 per barrel a year earlier. <\/p>\n<p>Revenue from operations fell 13.2% to 1.32 trillion rupees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Oil Corp Ltd, the country&#8217;s top refiner, posted a near 82.7% fall in second quarter profit on Thursday, missing estimates by a huge margin. Net profit for state-owned IOC came in at 5.63 billion rupees ($79.28 million) in the quarter ended Sept. 30, compared with 32.47 billion rupees a year earlier, IOC said. Analysts on average had expected a profit of 39.71 billion rupees, according to Refinitiv data. Average gross refining margin for the April-Sept period &#8211; the difference between the cost of crude oil processed and the prices of refined products &#8211; dropped to $2.96 per barrel from [&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":[146,130,177],"tags":[],"class_list":["post-299076","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/299076","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=299076"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/299076\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=299076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=299076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=299076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}