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HPCL Q4 net profit up 31% to Rs 1,819 crore

HPCL has announced a bonus issue of one equity share of Rs 10 each for every two equity shares held

Press Trust of India  |  New Delhi 

State-owend fuel retailer Hindustan Petroleum Corp Ltd (HPCL) on Friday reported 31 per cent jump in the March quarter net profit on higher refining margins and inventory gains. HPCL, which had in 2016-17 issued bonus shares in the ratio of 2:1, also announced a bonus issue of one equity share of Rs 10 each for every two equity shares held. Net profit in the January-March quarter of the previous financial year was Rs 1,818.79 crore (Rs 17.90 per share), 31 per cent higher than Rs 1,387.91 crore (Rs 13.66 a share), in the same quarter of the previous financial year, 2015-16, HPCL ...

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First Published: Fri, May 26 2017. 17:07 IST
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