{"id":365926,"date":"2020-08-03T10:17:39","date_gmt":"2020-08-03T04:47:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=365926"},"modified":"2020-08-03T10:31:24","modified_gmt":"2020-08-03T05:01:24","slug":"indian-oil-q1-net-profit-falls-47-to-rs-1910-84-crore-on-poor-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-q1-net-profit-falls-47-to-rs-1910-84-crore-on-poor-demand\/","title":{"rendered":"Indian Oil Q1 net profit falls 47% to Rs 1,910.84 crore on poor demand"},"content":{"rendered":"<p>Indian Oil Corporation Ltd (IOC), the nation&#8217;s biggest oil firm, on Friday reported a 47 per cent drop in its June quarter net profit as pandemic outbreak pummelled fuel demand and shrank refining margins. <\/p>\n<p>Standalone net profit in April-June quarter at Rs 1,910.84 crore, or Rs 2.08 per share, was 46.8 per cent lower than Rs 3,596.11 crore, or Rs 3.92 a share, net profit in the same period of the last financial year, the company said in a regulatory filing. <\/p>\n<p>With a good part of the quarter being spent under lockdown where the vehicular movement was sparse, IOC fuel sales fell 29 per cent to 15.25 million tonnes. <\/p>\n<p>Its refineries processed 25 per cent less crude oil at 12.9 million tonnes in the first quarter of 2020-21 fiscal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Oil Corporation Ltd (IOC), the nation&#8217;s biggest oil firm, on Friday reported a 47 per cent drop in its June quarter net profit as pandemic outbreak pummelled fuel demand and shrank refining margins. Standalone net profit in April-June quarter at Rs 1,910.84 crore, or Rs 2.08 per share, was 46.8 per cent lower than Rs 3,596.11 crore, or Rs 3.92 a share, net profit in the same period of the last financial year, the company said in a regulatory filing. With a good part of the quarter being spent under lockdown where the vehicular movement was sparse, IOC fuel [&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-365926","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\/365926","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=365926"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365926\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}