{"id":465337,"date":"2022-02-01T11:28:15","date_gmt":"2022-02-01T05:58:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=465337"},"modified":"2022-02-01T11:28:15","modified_gmt":"2022-02-01T05:58:15","slug":"ioc-net-rises-19-to-rs-5861-crore-in-q3-as-inventory-gains-offset-fuel-price-freeze","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-net-rises-19-to-rs-5861-crore-in-q3-as-inventory-gains-offset-fuel-price-freeze\/","title":{"rendered":"IOC net rises 19% to Rs 5,861 crore in Q3 as inventory gains offset fuel price freeze"},"content":{"rendered":"<p>NEW DELHI: Flagship oil refiner and retailer Indian Oil Corporation (IOC) on Monday posted a net profit of Rs 5,861 crore in the third quarter, marking an increase of 19% over Rs 4,917 crore in the corresponding period last year.<br \/>\nThe higher profit flowed from inventory gains and increased refining margins offsetting a drop in marketing margin, a company statement quoted chairman S M Vaidya, without giving any details.<br \/>\nThe company has frozen pump prices since November 4 last year in spite of the spike in crude costs.<br \/>\nSequentially, however, the December quarter figure was lower than Rs 6,360 crore profit posted in the preceding July-September period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Flagship oil refiner and retailer Indian Oil Corporation (IOC) on Monday posted a net profit of Rs 5,861 crore in the third quarter, marking an increase of 19% over Rs 4,917 crore in the corresponding period last year. The higher profit flowed from inventory gains and increased refining margins offsetting a drop in marketing margin, a company statement quoted chairman S M Vaidya, without giving any details. The company has frozen pump prices since November 4 last year in spite of the spike in crude costs. Sequentially, however, the December quarter figure was lower than Rs 6,360 crore [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-465337","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/465337","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=465337"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/465337\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=465337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=465337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=465337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}