{"id":595478,"date":"2023-08-03T09:45:38","date_gmt":"2023-08-03T04:15:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=595478"},"modified":"2023-08-03T10:00:17","modified_gmt":"2023-08-03T04:30:17","slug":"hpcl-net-profit-zooms-to-rs-6765-cr-in-q1-as-marketing-margins-improve","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hpcl-net-profit-zooms-to-rs-6765-cr-in-q1-as-marketing-margins-improve\/","title":{"rendered":"HPCL net profit zooms to Rs. 6,765 cr in Q1 as marketing margins improve"},"content":{"rendered":"<p>Hindustan Petroleum Corporation (HPCL) is back in the black with a robust Rs. 6,765-crore net profit during the first quarter (April-June) of FY24.<\/p>\n<p>The public sector oil marketing company (OMC) had registered a loss of Rs. 8,557.1 crore in the same quarter a year ago. <\/p>\n<p>On a sequential basis, net profit shot up 87 per cent from Rs. 3,608.3 crore in Q4FY23. The sharp sequential improvement in earnings is driven by further recovery in auto-fuel marketing margins and lower crude costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hindustan Petroleum Corporation (HPCL) is back in the black with a robust Rs. 6,765-crore net profit during the first quarter (April-June) of FY24. The public sector oil marketing company (OMC) had registered a loss of Rs. 8,557.1 crore in the same quarter a year ago. On a sequential basis, net profit shot up 87 per cent from Rs. 3,608.3 crore in Q4FY23. The sharp sequential improvement in earnings is driven by further recovery in auto-fuel marketing margins and lower 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-595478","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\/595478","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=595478"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/595478\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=595478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=595478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=595478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}