HPCL Q1FY18 Result: Net Profit tanks 49.16 per cent QoQ
DSIJ Intelligence / 04 Aug 2017
Hindustan Petroleum Corporation Limited reported its results for the quarter ended June 30, 2017, today.
Total sales for this quarter, Q1FY18, came in at Rs. 59,974.94 crore. This represents a 2.04 per cent sequential increase and 16.07 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 960.95 crore and the EBIT margin stood at 1.6 per cent.
It reported PAT of Rs. 924.75 crore which represents a sequential QoQ decline of 49.16 per cent and a YoY decline of 55.93 per cent.
The company's stock opened at Rs. 397.30 on the BSE and recorded intra-day high and low of Rs. 437.80 and Rs. 393.25, respectively.
Hindustan Petroleum Corporation Limited refines, markets, and transports petroleum products in India. The company’s principal petroleum products include gasoline, diesel, aviation turbine fuel, kerosene oil, liquefied petroleum gas (LPG), fuel oil, naphtha, and bitumen, as well as lubricants, specialties and greases.
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