{"id":594350,"date":"2023-07-31T09:42:52","date_gmt":"2023-07-31T04:12:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=594350"},"modified":"2023-07-31T10:11:39","modified_gmt":"2023-07-31T04:41:39","slug":"indian-oil-q1-net-profit-soars-to-rs-13750-cr-as-marketing-margins-improve","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-q1-net-profit-soars-to-rs-13750-cr-as-marketing-margins-improve\/","title":{"rendered":"Indian Oil Q1 net profit soars to Rs 13,750 cr as marketing margins improve"},"content":{"rendered":"<p>In the first quarter of FY24 (April-June), public sector oil marketing company Indian Oil Corporation Ltd (IOCL) saw a remarkable turnaround as its net profit soared to Rs 13,750 crore, bouncing back from a loss of Rs 1,992.5 crore in the corresponding period last year. <\/p>\n<p>Sequentially, the net profit exhibited a 36 per cent increase from Rs 10,058 crore recorded in Q4 FY23. The significant rise in sequential profit is largely attributed to improved auto-fuel marketing margins and diminished crude costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the first quarter of FY24 (April-June), public sector oil marketing company Indian Oil Corporation Ltd (IOCL) saw a remarkable turnaround as its net profit soared to Rs 13,750 crore, bouncing back from a loss of Rs 1,992.5 crore in the corresponding period last year. Sequentially, the net profit exhibited a 36 per cent increase from Rs 10,058 crore recorded in Q4 FY23. The significant rise in sequential profit is largely attributed to improved auto-fuel marketing margins and diminished crude costs.<\/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":[135,130,169],"tags":[],"class_list":["post-594350","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/594350","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=594350"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/594350\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=594350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=594350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=594350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}