HPCL Q4 net up 31% at Rs 1,819 cr on higher throughput, better sales

In FY17, net profit for the company zoomed 66.6% to Rs 6,209 crore on better inventory gains

State-run Hindustan Petroleum Corporation (HPCL) has reported a 31 per cent rise in net profit at Rs 1,818.79 crore in the fourth quarter (Q) of the financial year (FY) 2016-17, as against Rs 1,387.91 crore during the same period in FY16. 

The gross sales for the January to March period in FY17 stood at Rs 58,668 crore as compared to Rs 48,145 crore for the same period of the last year. 

"The growth in profit is mainly due to increased refining throughput, higher domestic market sales, better operating efficiencies and inventory gains," said M K Surana, chairman and managing director