{"id":446536,"date":"2021-11-01T08:52:16","date_gmt":"2021-11-01T03:22:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=446536"},"modified":"2021-11-01T09:10:56","modified_gmt":"2021-11-01T03:40:56","slug":"indian-oil-reports-second-quarter-net-profit-at-rs-6360-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-reports-second-quarter-net-profit-at-rs-6360-crore\/","title":{"rendered":"Indian Oil reports second quarter net profit at Rs 6,360 crore"},"content":{"rendered":"<p>Indian Oil Corporation (IOC), the nation&#8217;s largest oil firm, on Saturday reported a marginal rise in net profit in the second quarter of the current fiscal as lower inventory gains offset better operational performance.<\/p>\n<p>Net profit of Rs 6,360.05 crore, or Rs 6.93 a share, in July-September compared with Rs 6,227.31 crore, or Rs 6.78 per share, in the same period a year back, according to the company&#8217;s filing to the stock exchanges.<\/p>\n<p>Sequentially, net profit was higher than Rs 5,941.37 crore earned in the April-June quarter.<\/p>\n<p>Officials said the flattish net profit was largely due to lower inventory gains in the second quarter.<\/p>\n<p>In Q2 last year, the company had large inventory gains but this year they were lower, they said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Oil Corporation (IOC), the nation&#8217;s largest oil firm, on Saturday reported a marginal rise in net profit in the second quarter of the current fiscal as lower inventory gains offset better operational performance. Net profit of Rs 6,360.05 crore, or Rs 6.93 a share, in July-September compared with Rs 6,227.31 crore, or Rs 6.78 per share, in the same period a year back, according to the company&#8217;s filing to the stock exchanges. Sequentially, net profit was higher than Rs 5,941.37 crore earned in the April-June quarter. Officials said the flattish net profit was largely due to lower inventory gains [&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-446536","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\/446536","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=446536"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/446536\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=446536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=446536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=446536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}