 "HPCL")
Consolidated net profit of Hindustan Petroleum Corporation (HPCL) for the third quarter of 2020-2021 doubled to Rs 2,373.71 crore from Rs 1,027.23 crore in the year-ago period. The higher profit is on account of inventory, exchange gains, and higher sales.
The public sector oil and gas company's consolidated total income increased to Rs 78,324.98 crore, up from Rs 75,048.60 crore in the same quarter of FY20.
Gross refinery margin (GRM), a measure of the gain per barrel of crude oil processed, stood at $1.87 per barrel for the October-December 2020 period against $1.79 per barrel in the corresponding previous period.
