HPCL Q4 net up over four-fold at Rs 4,632 cr

State-owned oil company HPCL reported over four-fold jump in net profit at Rs 4,631 crore for the quarter ended March 31, 2012. In the same period a year ago it was Rs 1,123 crore.

The total income increased 32% to Rs 52,772 crore from Rs 40,083 crore reported for January-March 2011.

For the fiscal year ended March 2012, the PSU's consolidated net profit declined 90% to Rs 175 crore from Rs 1,703.6 crore in the previous fiscal.

However, the total income rose 33% to Rs 1,86,304 crore as against Rs 1,39,986 crore in FY11.

The board of directors recommended a final dividend of Rs 8.50 per share.

The scrip was trading 0.7% down at Rs 295 at the time of Sensex closing on Tuesday.