{"id":491996,"date":"2022-05-18T10:30:30","date_gmt":"2022-05-18T05:00:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=491996"},"modified":"2022-05-18T10:30:30","modified_gmt":"2022-05-18T05:00:30","slug":"ioc-net-tanks-31-in-q4-on-fuel-price-freeze-but-company-ends-fy22-with-record-profit-revenue","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-net-tanks-31-in-q4-on-fuel-price-freeze-but-company-ends-fy22-with-record-profit-revenue\/","title":{"rendered":"IOC net tanks 31% in Q4 on fuel price freeze but company ends FY22 with record profit, revenue"},"content":{"rendered":"<p>NEW DELHI: Long spells of fuel price freeze amid rising crude dragged down state-run IndianOil\u2019s net profit by more than 31% to Rs 6,021.8 crore in the fourth quarter of 2021-22 from Rs 8,781.3 crore a year ago.<br \/>\nBut still, India\u2019s largest oil refiner and fuel retailer closed the financial year with highest-ever profit of Rs 24,184 crore, 10% higher than Rs 21,836.04 crore posted in 2020-21.<br \/>\nDespite the under-recovery on petrol and diesel, the company on Tuesday reported standalone revenue of Rs 7.28 lakh crore \u2014 excluding GST (goods and services tax) on products that goes to the exchequer \u2014 during the fiscal, the highest for an Indian company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Long spells of fuel price freeze amid rising crude dragged down state-run IndianOil\u2019s net profit by more than 31% to Rs 6,021.8 crore in the fourth quarter of 2021-22 from Rs 8,781.3 crore a year ago. But still, India\u2019s largest oil refiner and fuel retailer closed the financial year with highest-ever profit of Rs 24,184 crore, 10% higher than Rs 21,836.04 crore posted in 2020-21. Despite the under-recovery on petrol and diesel, the company on Tuesday reported standalone revenue of Rs 7.28 lakh crore \u2014 excluding GST (goods and services tax) on products that goes to the exchequer [&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-491996","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\/491996","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=491996"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/491996\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=491996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=491996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=491996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}