HPCL profit falls 36% to Rs 1,795 crore in Q1FY22
State-run Hindustan Petroleum Corporation (HPCL) reported a net profit of Rs 1,795 crore on a standalone basis for the quarter ended June 30, which is 36.2% lower than the profit posted in the same quarter a year ago.
The company attributed the drop in profit mainly on lower crude throughput, as its Mumbai refinery undertook a major shutdown of its various units as a part of the refinery expansion project.
