NEW DELHI: Hindustan Petroleum Corporation Limited is likely to announce its earnings for the third quarter on Wednesday, February 05.
For the quarter ended September 2019, HPCL posted a profit of Rs 1,052 crore, almost double that of Rs 564 crore profit reported by its much larger peer, Indian Oil Corporation (IOC).
While declaring the second-quarter results, HPCL chairman MK Surana said, “We are consciously working on our inventory system and even the way we are contracting crude as far as pricing is concerned. We have been having a conscious call from time to time to ensure that whether we are able to align our product pricing with crude prices.”
In the past three months, Hindustan Petroleum’s share price has gone down from Rs 313.95 on November 06, 2019 to Rs 223.40 on February 03, 2020 on NSE.
