{"id":428347,"date":"2021-07-31T11:24:14","date_gmt":"2021-07-31T05:54:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=428347"},"modified":"2021-07-31T11:24:14","modified_gmt":"2021-07-31T05:54:14","slug":"indian-oil-q1-net-profit-jumps-over-three-fold-to-rs-5941-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-q1-net-profit-jumps-over-three-fold-to-rs-5941-crore\/","title":{"rendered":"Indian Oil Q1 net profit jumps over three-fold to Rs 5,941 crore"},"content":{"rendered":"<p>NEW DELHI:  With higher refining margins and inventory gains, Indian Oil Corporation (IOC) posted Rs 5,941 crore net profit for the first quarter of the current fiscal year\u2014 more than three-fold of Rs 1,910.84 crore it recorded during the same period of the previous year, a quarter during which strict lockdowns have destroyed oil demand and squeezed refining margins.<\/p>\n<p>However, the profit was lower by 32% compared to the preceding quarter due to the impact the second wave lockdowns had on mobility.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: With higher refining margins and inventory gains, Indian Oil Corporation (IOC) posted Rs 5,941 crore net profit for the first quarter of the current fiscal year\u2014 more than three-fold of Rs 1,910.84 crore it recorded during the same period of the previous year, a quarter during which strict lockdowns have destroyed oil demand and squeezed refining margins. However, the profit was lower by 32% compared to the preceding quarter due to the impact the second wave lockdowns had on mobility.<\/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":[130,207,143],"tags":[],"class_list":["post-428347","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/428347","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=428347"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/428347\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=428347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=428347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=428347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}