{"id":631311,"date":"2024-01-25T10:19:23","date_gmt":"2024-01-25T04:49:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=631311"},"modified":"2024-01-25T11:22:54","modified_gmt":"2024-01-25T05:52:54","slug":"ioc-q3-net-profit-jumps-to-rs-9030-cr-on-improved-marketing-margins","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-q3-net-profit-jumps-to-rs-9030-cr-on-improved-marketing-margins\/","title":{"rendered":"IOC Q3 net profit jumps to Rs 9,030 cr on improved marketing margins"},"content":{"rendered":"<p>State-run oil marketing company Indian Oil Corporation (IOC) reported a net profit of Rs 9,030 crore for the quarter ended December 2023 (Q3FY24), a multi-fold rise from the lower profit reported a year ago, driven by improved marketing margins. <\/p>\n<p>For Q3FY24, IOC&#8217;s net profit attributable to equity holders of the parent company stood at Rs 9,030 crore, a more than ten-fold increase from the Rs 773 crore profit reported in the same period a year ago. <\/p>\n<p>The profit in the year-ago quarter was significantly impacted due to under-recoveries arising from higher input costs in the form of crude oil prices and a price freeze for sale products such as petrol and diesel during that period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run oil marketing company Indian Oil Corporation (IOC) reported a net profit of Rs 9,030 crore for the quarter ended December 2023 (Q3FY24), a multi-fold rise from the lower profit reported a year ago, driven by improved marketing margins. For Q3FY24, IOC&#8217;s net profit attributable to equity holders of the parent company stood at Rs 9,030 crore, a more than ten-fold increase from the Rs 773 crore profit reported in the same period a year ago. The profit in the year-ago quarter was significantly impacted due to under-recoveries arising from higher input costs in the form of crude oil prices [&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":[135,130,169],"tags":[],"class_list":["post-631311","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\/631311","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=631311"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/631311\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=631311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=631311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=631311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}