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Hindustan Petroleum Q3 profit rises 23% to Rs 19 bn; income up 13%

Income from operations rose over 13% to Rs 628.32 bn

Reuters 

ONGC to takeover HPCL

State-owned oil refiner Hindustan Corp Ltd's rose 22.6 per cent in the third quarter, beating estimates. rose to Rs 19.50 billion ($303.05 million), compared with Rs 15.90 billion a year earlier. Analysts on average had expected a of Rs 15.50 billion, according to Thomson Reuters data. Income from operations rose over 13 per cent to Rs 628.32 billion. The country's biggest explorer, Oil and Natural Gas Corp (ONGC), last month agreed to buy the government's majority stake in for Rs 369 billion.

First Published: Fri, February 09 2018. 14:26 IST
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