{"id":465354,"date":"2022-02-01T10:58:09","date_gmt":"2022-02-01T05:28:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=465354"},"modified":"2022-02-01T12:07:52","modified_gmt":"2022-02-01T06:37:52","slug":"indian-oil-reports-over-19-jump-in-quarterly-profit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-reports-over-19-jump-in-quarterly-profit\/","title":{"rendered":"Indian Oil reports over 19% jump in quarterly profit"},"content":{"rendered":"<p>Indian Oil Corp Ltd, the country&#8217;s top refiner, on Monday reported a 19.2 per cent rise in its third-quarter net profit, buoyed by higher gross refining margins. <\/p>\n<p>The state-owned company posted a net profit of Rs 5,861 crore for the quarter ended Dec. 31 and declared a dividend of 4 rupees per share.<\/p>\n<p>Revenue from operations rose nearly 35 per cent to 1.97 lakh crore rupees. <\/p>\n<p>IOC also said its gross refining margin \u2014 profit from converting a barrel of oil into refined products \u2014 was at $8.52 per barrel for April-December, compared with $2.96 per barrel a year ago.<\/p>\n<p>The refiner, along with its unit Chennai Petroleum , controls about a third of India&#8217;s five-million-barrels-per-day refining capacity. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Oil Corp Ltd, the country&#8217;s top refiner, on Monday reported a 19.2 per cent rise in its third-quarter net profit, buoyed by higher gross refining margins. The state-owned company posted a net profit of Rs 5,861 crore for the quarter ended Dec. 31 and declared a dividend of 4 rupees per share. Revenue from operations rose nearly 35 per cent to 1.97 lakh crore rupees. IOC also said its gross refining margin \u2014 profit from converting a barrel of oil into refined products \u2014 was at $8.52 per barrel for April-December, compared with $2.96 per barrel a year ago. [&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-465354","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\/465354","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=465354"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/465354\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=465354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=465354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=465354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}