{"id":614088,"date":"2023-11-01T09:58:02","date_gmt":"2023-11-01T04:28:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=614088"},"modified":"2023-11-01T11:13:30","modified_gmt":"2023-11-01T05:43:30","slug":"ioc-q2-profit-at-rs-12967-crore-h1-numbers-top-best-ever-annual-earning","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-q2-profit-at-rs-12967-crore-h1-numbers-top-best-ever-annual-earning\/","title":{"rendered":"IOC Q2 profit at Rs 12,967 crore; H1 numbers top best-ever annual earning"},"content":{"rendered":"<p>State-owned Indian Oil Corporation (IOC) on Tuesday reported a return to profitability with a net profit of Rs 12,967.32 crore in the three months to September 30 \u2013 more than half of its best-ever annual profit in just one quarter.<\/p>\n<p>The net profit came on the back of a boost in refining and marketing margin. In July-September 2022, it incurred a loss of Rs 272.35 crore, according to a stock exchange filing by the company.<\/p>\n<p>Besides robust refining margins, the profit was aided by a boost in marketing margins as a freeze on petrol and diesel price revision despite a fall in input crude oil prices helped recover losses incurred when rates were high last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Indian Oil Corporation (IOC) on Tuesday reported a return to profitability with a net profit of Rs 12,967.32 crore in the three months to September 30 \u2013 more than half of its best-ever annual profit in just one quarter. The net profit came on the back of a boost in refining and marketing margin. In July-September 2022, it incurred a loss of Rs 272.35 crore, according to a stock exchange filing by the company. Besides robust refining margins, the profit was aided by a boost in marketing margins as a freeze on petrol and diesel price revision despite a [&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":[130,195,138],"tags":[],"class_list":["post-614088","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614088","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=614088"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614088\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=614088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=614088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=614088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}