{"id":446719,"date":"2021-11-01T10:19:52","date_gmt":"2021-11-01T04:49:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=446719"},"modified":"2021-11-01T11:18:04","modified_gmt":"2021-11-01T05:48:04","slug":"iocs-profit-rises-as-high-margins-soak-cost-jump","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/iocs-profit-rises-as-high-margins-soak-cost-jump\/","title":{"rendered":"IOC&#8217;s profit rises as high margins soak cost jump"},"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 that the flattish net profit was largely due to lower inventory gains in the second quarter.<\/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 that the flattish net profit was largely due to lower inventory [&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":[146,130,177],"tags":[],"class_list":["post-446719","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/446719","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=446719"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/446719\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=446719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=446719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=446719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}