{"id":577185,"date":"2023-05-17T11:30:57","date_gmt":"2023-05-17T06:00:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=577185"},"modified":"2023-05-17T11:30:57","modified_gmt":"2023-05-17T06:00:57","slug":"ioc-net-profit-jumps-67-on-higher-refining-marketing-margins","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-net-profit-jumps-67-on-higher-refining-marketing-margins\/","title":{"rendered":"IOC net profit jumps 67% on higher refining, marketing margins"},"content":{"rendered":"<p>NEW DELHI: Indian Oil Corporation, the nation&#8217;s largest oil firm, on Tuesday reported a 67 per cent jump in its March quarter net profit on the back of a recovery in fuel marketing margins and better refining margins.<\/p>\n<p>Standalone net profit was at Rs 10,058.69 crore, or Rs 7.30 a share, in January-March compared with Rs 6,021.88 crore, or Rs 4.37 per share, in the same period a year back, according to a company&#8217;s stock exchange filing.<\/p>\n<p>The jump in fourth-quarter net profit helped the company post Rs 8,241.82 crore of net profit for the full fiscal year 2022-23 (April 2022 to March 2023) by negating the losses the firm had to suffer in the first half of the financial year from holding petrol, diesel and LPG prices despite a surge in cost.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Indian Oil Corporation, the nation&#8217;s largest oil firm, on Tuesday reported a 67 per cent jump in its March quarter net profit on the back of a recovery in fuel marketing margins and better refining margins. Standalone net profit was at Rs 10,058.69 crore, or Rs 7.30 a share, in January-March compared with Rs 6,021.88 crore, or Rs 4.37 per share, in the same period a year back, according to a company&#8217;s stock exchange filing. The jump in fourth-quarter net profit helped the company post Rs 8,241.82 crore of net profit for the full fiscal year 2022-23 (April [&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-577185","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\/577185","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=577185"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/577185\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=577185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=577185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=577185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}