HPCL's revenue comes across a speed breaker

Hindustan Petroleum Corporation (HPCL) has declared its Q1FY17 results on August 22. The company’s revenue has decreased by 5.77 per cent to Rs 51661 crore in Q1FY17 as compared to same period in previous fiscal. Its EBITDA has increased by 35.84 per cent to Rs 3627 crore in Q1FY17 on a yearly basis. HPCL’s EBITDA margin has expanded by 222 basis points to 7.09 per cent in Q1FY17 as compared to same period in previous financial year.The company’s net profit also has risen by 34.68 per cent to Rs 2149 crore in Q1FY17 on a yearly basis. Its net profit margin has expanded by 197 basis points to 4.16 per cent in Q1FY17 as compared to same period in previous financial year.

The share price of HPCL has decreased by 2.02 per cent on bourses; and closed at Rs 1214.6 on an intraday basis.

HPCL is a producer of motor spirit, high speed diesel and Liquefied Petroleum Gas (LPG). The company has two business segments viz. downstream; and exploration and production of hydrocarbons. It owns and operates two refineries producing a range of petroleum fuels and specialities: one in Mumbai (West Coast) with a capacity of around 6.5 million metric tons per annum (MMTPA); and the other in Vishakhapatnam (East Coast) with a capacity of around 8.3 MMTPA. The Company also owns and operates a lube refinery, producing lube base oils of international standards with a capacity of around 428 Thousand Metric Tons (TMT).