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HPCL Q3 net up 53% at Rs 1,590 cr

Total income rises 15% to Rs 55,828 cr

Amritha Pillay  |  Mumbai 

State-run Hindustan Petroleum Corporation Ltd (HPCL) reported a 53% rise in its net profit for the October-December 2016 quarter owing to better operational performance. For the December 2016 ended quarter, HPCL's net profit was at Rs 1,590.31 crore, 53% higher from Rs 1,041.25 crore. Total income for the quarter under review was at Rs 55,828.52 crore, 15% higher from Rs 48,526.06 crore. Total expenses for the company also rose to Rs 53,370.95 crore from Rs 46,778.39 crore in same period a year back. In a Bloomberg poll, 17 analysts estimated revenue of Rs 48,686.9 crore and 18 ...

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