HPCL PAT surges 31%, stock zooms 11.2%
Amir Shaikh / 26 May 2017
The company’s results beat consensus estimates and, therefore, the stock jumped sharply by 11.2% to Rs 566 post-results.
Hindustan Petroleum Corporation Ltd (HPCL) an OMC major, reported its Q4FY17 results for the quarter ended March 31, 2017 today.
The company’s results beat consensus estimates and, therefore, the stock jumped sharply by 11.2% to Rs 566 post-results. The intraday high and low stood at Rs 572.4 and Rs 496, respectively.
The company's total sales for Q3FY17 came in at Rs 51024.76 crore, which represents a 5.09 per cent sequential increase and 24.09 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 2211.56 crore and its EBIT margin stood at 4.33 per cent.
The company reported PAT of Rs 1819 crore, which represents a sequential QoQ increase of 14.4 per cent and a YoY increase of 31.05 per cent.
HPCL is engaged in crude refining and marketing of finished petroleum products. Their products include refineries, ATF, bulk fuels & specialties, LPG-HP GAS, lubes- HP lubes, retail, exploration & production, joint ventures, alternate energy.
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