BPCL, HPCL in spotlight after Q1 results

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Capital Market
Last Updated : Aug 09 2018 | 9:04 AM IST

Bharat Petroleum Corporation (BPCL) reported 208% rise in net profit to Rs 2293.26 crore on 25.5% increase in net sales to Rs 71696.73 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 8 August 2018.

Hindustan Petroleum Corporation (HPCL) reported 85.91% rise in net profit to Rs 1719.21 crore on 26.12% increase in net sales to Rs 67331.52 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 8 August 2018.

National Aluminium Company (Nalco) reported 432.8% rise in net profit to Rs 687.05 crore on 64.9% increase in net sales to Rs 2973.31 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 8 August 2018.

Siemens reported 25.5% rise in net profit to Rs 204.40 crore on 14.6% increase in net sales to Rs 2964.40 crore in Q3 June 2018 over Q3 June 2017. The result was announced after market hours yesterday, 8 August 2018.

Pidilite Industries announced that as per the agreement dated 8 August 2018, the company proposes to invest an amount of $500,000 as equity capital contribution in Pidilite Ventures LLC. Pidilite Ventures LLC, incorporated in USA is proposed to be engaged mainly in investments in early stage operating companies in USA. Pidilite Ventures LLC will be a wholly-owned subsidiary of the company. The announcement was made after market hours yesterday, 8 August 2018.

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First Published: Aug 09 2018 | 8:29 AM IST

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