HPCL Results

Despite the near-term volatility, HPCL's valuations remain reasonable, the brokerage noted. The stock trades at 1.4x one-year forward price-to-book, slightly above its long-term average of 1.2x.

State-owned Hindustan Petroleum Corporation Ltd (BPCL) on Monday reported a massive 90 per cent drop in net profit in the June quarter, as refinery margins fell and a fuel price reduction slashed marketing margins. HPCL reported a consolidated net profit of Rs 633.94 crore in April-June -- the first quarter of the current 2024-25 fiscal year -- compared to a profit of Rs 6,765.50 crore a year back, according to a stock exchange filing by the company. Net profit also declined sequentially, when compared to an earning of Rs 2,709.31 crore in the January-March period. Pre-tax earnings from downstream fuel retailing businesses slumped 90 per cent to Rs 907.86 crore. The company and other state-owned fuel retailers -- Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (HPCL) -- had last year made extraordinary gains from holding petrol and diesel prices despite a drop in cost. The price freeze was justified in the name of recovering losses BPCL and other two retailers ha

Annual net profit for FY24 rises to a record Rs 16,014 crore; 1:2 bonus shares announced

Shares of HPCL surged 10 per cent to Rs 378.80, its highest level since March 2018 on the BSE in Monday's intra-day trade on the back of heavy volumes.

Closing Bell on November 7, 2023: The broader markets, on the other hand, held steady gains throughout the session, settling 0.53 per cent and 0.38 per cent higher, respectively

State-owned Hindustan Petroleum Corporation Ltd (HPCL) on Monday reported returning to profitability in the September quarter after a boost in marketing margin improved earnings. It logged a consolidated net profit of Rs 5,826.96 crore in July-September 2023-24. In the year-ago period, the company had a loss of Rs 2,475.69 crore, it said in a stock exchange filing. The profit was aided by a boost in marketing margins as a freeze on petrol and diesel price revision despite a fall in input crude oil prices helped recover losses incurred when rates were high last year. Pre-tax earnings from the downstream oil refining and marketing business came at Rs 6,984.60 crore in the second quarter of the current fiscal. In the year-ago period there was a loss of Rs 2,462.57 crore. Last year, state-owned fuel retailers HPCL, Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (BPCL) froze prices despite a spike in global oil prices following Russia's invasion of Ukraine. This was

Estimates for the sector are bullish for a decade but it is not an easy business to run, say experts

The rise in PBT was mainly owing to inventory gains and higher capacity utilisation in refineries

The consolidated profit before tax for 2019-20 dropped 86 per cent to Rs 1,374 crore compared to Rs 10,039 crore during the fourth quarter of 2018-19

HPCL has re-filed with the stock exchanges shareholding pattern of last six quarters beginning March 2018, the company said in a regulatory filing

State-run Hindustan Petroleum Corporation Ltd (HPCL) hasposted a 31 per cent rise in net profit for the fourth quarter of the financialyear 2016-17 ended on March 31 to Rs 1,818.79 crore, as against Rs 1,387.91crore during the same period in 2015-16. The gross sales for the January to March period in 2016-17 stoodat Rs 58,668 crore as compared to Rs 48145 crore for the fourth quarter lastyear. "The growth in profit is mainly due to increased refining throughput,higher domestic market sales, better operating efficiencies and inventory gains,"said MK Surana, chairman and managing director of HPCL. For the financial year 2016-17, the net profit for thecompany zoomed 66.6 per cent to Rs 6209 crore, while in 2015-16 it was Rs 3726crore only. "In 2016-17, we had an inventory gain of Rs 2374 crore compared toan inventory loss of Rs 1201 crore in 2015-16," he added. On the other hand forthe fourth quarter of the financial year under review, the inventory gainsstood at Rs 743 crore agains Rs ..