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HPCL Q1 profit surges 86% to Rs 1,719 cr

Press Trust of India  |  New Delhi 

State-owned Corp Ltd (HPCL) today reported 86 per cent jump in the June quarter net profit on higher refining capacity.

Net profit of Rs 1,719 crore, or Rs 11.28 per share, in the April-June quarter of the current fiscal was 86 per cent higher than Rs 925 crore clocked in the year-ago period, HPCL M K told reporters here.

The firm earned USD 7.15 on turning every barrel of into fuel as compared to USD 5.86 per barrel gross refining margin a year ago, he said.

Its revenue rose to Rs 72,923 crore in first quarter of 2018-19, from Rs 59,891 crore a year ago.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 08 2018. 18:16 IST