Hindustan Petroleum Corporation Ltd (HPCL) on Thursday recorded its third quarter profit for the financial year 2023-24 at Rs 712.84 crore, up 60.5 per cent in comparison to Rs 444.26 crore during the corresponding quarter of previous year, missing estimates. It posted total income for the quarter in review at Rs 1,19,013.33 crore, up 2.2 per cent as against Rs 1,16,485.79 crore during the third quarter of FY23. Total expenses, however, incurred during the quarter ended December 2023 stood at Rs 1,18,288.83 crore. According to a CNBC TV18 poll, HPCL was expected to record a Q3 profit at Rs 1,498 crore and revenue for the quarter was estimated to be at Rs 99,501 crore.
