{"id":82024,"date":"2016-08-29T11:41:01","date_gmt":"2016-08-29T11:41:01","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=82024"},"modified":"2016-08-29T11:41:01","modified_gmt":"2016-08-29T11:41:01","slug":"indian-oil-corp-q1-profit-jumps-25-to-rs-8269-crore-to-issue-bonus-shares","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-corp-q1-profit-jumps-25-to-rs-8269-crore-to-issue-bonus-shares\/","title":{"rendered":"Indian Oil Corp Q1 profit jumps 25% to Rs 8,269 crore, to issue bonus shares"},"content":{"rendered":"<p>State-owned Indian Oil Corp (IOC) on Monday reported a 25 per cent jump in first quarter net profit, as it also declared a 1:1 bonus share.<\/p>\n<p>Net profit of Rs 8,268.98 crore, or Rs 34.90 a share, in April-June was 25.46 per cent higher than Rs 6,590.83 crore, or Rs 27.81 per share, net profit in the same period a year ago, the company said in a regulatory filing.<\/p>\n<p>The company earned $9.98 on turning every barrel of crude oil into fuel in April-June as compared to a gross refining margin of $10.77 per barrel.<\/p>\n<p>IOC said all of its Rs 1,331.69 crore revenue loss on sale of PDS kerosene during the quarter was reimbursed by the government.<\/p>\n<p>Drop in oil price meant its revenue fell from Rs 1,14,200.24 crore for the quarter ended June 30, 2015 to Rs 1,07,670.95 crore in first quarter of current financial year.<\/p>\n<p>The Board of Directors of IOC approved a bonus shares in the ratio of 1:1 \u2014 one equity bonus share of Rs 10 each for every one existing equity share of Rs 10 each fully paid up subject to the approval of the shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Indian Oil Corp (IOC) on Monday reported a 25 per cent jump in first quarter net profit, as it also declared a 1:1 bonus share. Net profit of Rs 8,268.98 crore, or Rs 34.90 a share, in April-June was 25.46 per cent higher than Rs 6,590.83 crore, or Rs 27.81 per share, net profit in the same period a year ago, the company said in a regulatory filing. The company earned $9.98 on turning every barrel of crude oil into fuel in April-June as compared to a gross refining margin of $10.77 per barrel. IOC said all of its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-82024","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/82024","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=82024"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/82024\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=82024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=82024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=82024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}