HPCL's Q1 net dips 11% to Rs 2,003 cr, income up 66% to Rs 77,980 cr

During the quarter, HPCL sold 8.83 million tonnes of fuel overall against 7.62 million tonnes a year ago, representing a growth of 15.9%

Hindustan Petroleum Corporation (HPCL) has reported a net profit of Rs 2,003.90 crore for the first quarter of FY22. This is 11.04 per cent lower than the Rs 2,252.65 crore net profit reported by the company in the comparable quarter of financial year 2020-21.

Total income during the period under review stood at Rs 77,980.15 crores, up from Rs 46,702.09 crores in the same quarter of the previous financial year. During April-June 2021, HPCL achieved total sales volume of 8.83 million tonnes (MT) against 7.62 MT in previous year for the same period representing a growth of 15.9 per cent.