The firm had a net profit of Rs 549.54 crore in the fourth quarter of FY07, HPCL said in a filing to the Bombay Stock Exchange.
The total income rose to Rs 31,788.27 crore in the latest quarter, from Rs 22,041.62 crore in the corresponding period a year-ago.
The board has declared a dividend of 30 per cent on shares of face value of Rs 10 for 2007-08.
For the year ended March 31, HPCL reported a consolidated net profit of Rs 1,364.1 crore, an 18.51 per cent decline over the year-ago period. The firm had a net profit of Rs 1,674.02 crore in FY07.
The total income rose to Rs 1,11,626.36 crore in FY08, from Rs 94,680.63 crore in the previous fiscal.
HPCL announced a standalone net profit of Rs 1,134.88 crore in the financial year ended March 31, a 27.77 per cent decline over the year-ago period, while the total income rose to Rs 1,05,901.73 crore.
