{"id":614211,"date":"2023-11-01T10:34:27","date_gmt":"2023-11-01T05:04:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=614211"},"modified":"2023-11-01T12:15:03","modified_gmt":"2023-11-01T06:45:03","slug":"indian-oil-q2-net-profit-jumps-to-rs-12967-cr-half-yr-profit-tops-best-ever-full-year-earning","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-q2-net-profit-jumps-to-rs-12967-cr-half-yr-profit-tops-best-ever-full-year-earning\/","title":{"rendered":"Indian Oil Q2 net profit jumps to Rs 12,967 cr; half yr profit tops best-ever full-year earning"},"content":{"rendered":"<p>New Delhi: State-owned Indian Oil Corporation (IOC) on Tuesday reported a return to profitability with a net profit of 12,967.32 crore in the three months to September 30 &#8211; more than half of its best-ever annual profit in just one quarter.<\/p>\n<p>The net profit\u2014which came on the back of a boost in refining and marketing margin\u2014compared to a loss of Rs 272.35 crore in July-September 2022, 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>New Delhi: State-owned Indian Oil Corporation (IOC) on Tuesday reported a return to profitability with a net profit of 12,967.32 crore in the three months to September 30 &#8211; more than half of its best-ever annual profit in just one quarter. The net profit\u2014which came on the back of a boost in refining and marketing margin\u2014compared to a loss of Rs 272.35 crore in July-September 2022, 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":[146,130,177],"tags":[],"class_list":["post-614211","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614211","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=614211"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614211\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=614211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=614211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=614211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}