{"id":381736,"date":"2020-11-02T11:21:46","date_gmt":"2020-11-02T05:51:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381736"},"modified":"2020-11-02T12:26:03","modified_gmt":"2020-11-02T06:56:03","slug":"indian-oil-corp-q2-profit-jumps-on-inventory-gains","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-corp-q2-profit-jumps-on-inventory-gains\/","title":{"rendered":"Indian Oil Corp Q2 profit jumps on inventory gains"},"content":{"rendered":"<p>Indian Oil Corp Ltd, the country\u2019s top refiner, reported an eleven-fold rise in second-quarter profit on Friday, boosted by inventory gains.<\/p>\n<p>Net profit for the state-owned company rose to 62.27 billion rupees ($842.14 million) in the three months ended Sept.30, from 5.63 billion rupees a year earlier.<\/p>\n<p>Analysts on average had expected a profit of 28.20 billion rupees, according to Refinitiv data.<\/p>\n<p>Average gross refining margin for the April-September period, the difference between the cost of crude oil processed and the prices of refined products, rose to $3.46 per barrel from $2.96 per barrel. <\/p>\n<p>Revenue from operations fell 12.1% to 1.16 trillion rupees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Oil Corp Ltd, the country\u2019s top refiner, reported an eleven-fold rise in second-quarter profit on Friday, boosted by inventory gains. Net profit for the state-owned company rose to 62.27 billion rupees ($842.14 million) in the three months ended Sept.30, from 5.63 billion rupees a year earlier. Analysts on average had expected a profit of 28.20 billion rupees, according to Refinitiv data. Average gross refining margin for the April-September period, the difference between the cost of crude oil processed and the prices of refined products, rose to $3.46 per barrel from $2.96 per barrel. Revenue from operations fell 12.1% to [&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":[130],"tags":[],"class_list":["post-381736","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381736","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=381736"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381736\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}