{"id":428258,"date":"2021-07-31T08:59:09","date_gmt":"2021-07-31T03:29:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=428258"},"modified":"2021-07-31T10:00:45","modified_gmt":"2021-07-31T04:30:45","slug":"ioc-q1-net-jumps-over-three-fold-to-rs-5941-cr-on-refining-margin-boost","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-q1-net-jumps-over-three-fold-to-rs-5941-cr-on-refining-margin-boost\/","title":{"rendered":"IOC Q1 net jumps over three-fold to Rs 5,941 cr on refining margin boost"},"content":{"rendered":"<p>Indian Oil Corporation (IOC) on Friday reported over three-fold jump in June quarter net profit on the back of surge in refining margin and inventory gains.<\/p>\n<p>Standalone net profit of Rs 5,941.37 crore, or Rs 6.47 a share, in April-June is compared with Rs 1,910.84 crore, or Rs 2.08 per share, in the same period of 2020-21, the company said in a filing to stock exchanges. <\/p>\n<p>India&#8217;s largest oil refiner earned USD 6.58 on turning every barrel of crude oil into fuel in the quarter as opposed to a gross refining margin (GRM) of a minimum USD 1.98 a barrel a year back.<\/p>\n<p>After netting out inventory gain, the core GRM was USD 2.24 per barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Oil Corporation (IOC) on Friday reported over three-fold jump in June quarter net profit on the back of surge in refining margin and inventory gains. Standalone net profit of Rs 5,941.37 crore, or Rs 6.47 a share, in April-June is compared with Rs 1,910.84 crore, or Rs 2.08 per share, in the same period of 2020-21, the company said in a filing to stock exchanges. India&#8217;s largest oil refiner earned USD 6.58 on turning every barrel of crude oil into fuel in the quarter as opposed to a gross refining margin (GRM) of a minimum USD 1.98 a barrel [&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-428258","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\/428258","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=428258"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/428258\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=428258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=428258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=428258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}