{"id":428319,"date":"2021-07-31T11:05:09","date_gmt":"2021-07-31T05:35:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=428319"},"modified":"2021-07-31T11:05:09","modified_gmt":"2021-07-31T05:35:09","slug":"ioc-q1-results-profit-jumps-over-three-fold-on-refining-margin-boost","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-q1-results-profit-jumps-over-three-fold-on-refining-margin-boost\/","title":{"rendered":"IOC Q1 results: Profit jumps over three-fold on refining margin boost"},"content":{"rendered":"<p>New Delhi: Indian Oil reported a three-fold jump in the quarterly profit on inventory gains and higher petrochemical margins.<\/p>\n<p>The profit climbed to Rs 5,941 crore in the April-June quarter from Rs 1,911 crore in the year-ago period. Revenue rose 74 per cent to Rs 155,056 crore.<\/p>\n<p>The gross refining margin (GRM) jumped to $6.58 per barrel from a negative $1.98 per barrel a year earlier. The core GRM after offsetting inventory gains comes to $2.24 per barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Indian Oil reported a three-fold jump in the quarterly profit on inventory gains and higher petrochemical margins. The profit climbed to Rs 5,941 crore in the April-June quarter from Rs 1,911 crore in the year-ago period. Revenue rose 74 per cent to Rs 155,056 crore. The gross refining margin (GRM) jumped to $6.58 per barrel from a negative $1.98 per barrel a year earlier. The core GRM after offsetting inventory gains comes to $2.24 per barrel.<\/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-428319","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\/428319","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=428319"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/428319\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=428319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=428319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=428319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}