State-owned Hindustan Petroleum Corp Ltd (HPCL) today reported 86 per cent jump in the June quarter net profit on higher refining capacity.
Net profit of Rs 1,719 crore, or Rs 11.28 per share, in the April-June quarter of the current fiscal was 86 per cent higher than Rs 925 crore clocked in the year-ago period, HPCL Chairman and Managing Director M K Surana told reporters here.
The firm earned USD 7.15 on turning every barrel of crude oil into fuel as compared to USD 5.86 per barrel gross refining margin a year ago, he said.
Its revenue rose to Rs 72,923 crore in first quarter of 2018-19, from Rs 59,891 crore a year ago.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app