{"id":300077,"date":"2019-11-08T11:34:13","date_gmt":"2019-11-08T06:04:13","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=300077"},"modified":"2019-11-08T11:34:13","modified_gmt":"2019-11-08T06:04:13","slug":"hpcl-q2-profit-falls-4-to-rs-1052-crore-grm-falls-to-2-83-from-4-81","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hpcl-q2-profit-falls-4-to-rs-1052-crore-grm-falls-to-2-83-from-4-81\/","title":{"rendered":"HPCL Q2 profit falls 4% to Rs 1,052 crore; GRM falls to $2.83 from $4.81"},"content":{"rendered":"<p>Hindustan Petroleum Corporation Ltd (HPCL) posted a profit of Rs 1,052 crore for the quarter to September, almost double that of Rs 564 crore profit reported by its much larger peer, Indian Oil Corporation (IOC), a variance in performance mainly attributable to the way the two companies managed their inventories.<\/p>\n<p>HPCL\u2019s quarterly profit fell 3.7% from a year ago while that of IOC fell 83%. HPCL\u2019s sales dropped 9.5% to Rs 66,165 crore, mainly because of lower product prices during the quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hindustan Petroleum Corporation Ltd (HPCL) posted a profit of Rs 1,052 crore for the quarter to September, almost double that of Rs 564 crore profit reported by its much larger peer, Indian Oil Corporation (IOC), a variance in performance mainly attributable to the way the two companies managed their inventories. HPCL\u2019s quarterly profit fell 3.7% from a year ago while that of IOC fell 83%. HPCL\u2019s sales dropped 9.5% to Rs 66,165 crore, mainly because of lower product prices during the quarter.<\/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":[130,191,136],"tags":[],"class_list":["post-300077","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300077","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=300077"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300077\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=300077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=300077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=300077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}