7 months ago
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State-owned refiner Hindustan Petroleum (HPCL)’s nett aft taxation successful the 2nd 4th roseate six-fold oregon astir 507% connected a year-over-year ground to ₹3,830 crore aided by amended refining margins and a little basal effect. Gross refining margins, which is among the large indicators of profitability, much than doubled to $8.80 for each tube successful the 2nd 4th from the corresponding play past year.
Further, Hindustan Petroleum’s gross from operations besides accrued astir 1% during the aforesaid play to much than ₹1.10 lakh crore. Its 2nd 4th show mostly mirrored that of its adjacent Indian Oil which registered a much than forty-times summation successful profits fuelled by amended refining margins and little base. The reduced refining margins relationship for little cracks during the corresponding play past twelvemonth alongside falling planetary crude lipid prices. HPCL’s nett successful the corresponding play past twelvemonth stood astatine ₹631 crore.
In the September-end 4th this year, the refiner’s crude throughput accelerated 4.3% to 6.57 MMT from the corresponding play past year. Overall income during the play roseate 3.9% YoY to 12.07 MMT aided by 3.6% maturation successful home sales.
Other than the quarterly results, HPCL announced an interim dividend of ₹5 for each equity share. It would beryllium payable to eligible shareholders by November 27.
Scrips of Hindustan Petroleum closed 3.5% higher astatine ₹468.35 apiece connected the BSE and 4.15% higher astatine ₹470.90 apiece connected the NSE.
