HPCL Q1 profit surges over two-fold to ₹2,253 cr
Hindustan Petroleum Corp Ltd (HPCL) on Thursday reported over two-fold jump in its June quarter net profit to ₹2,252.65 crore.
The company had a net profit of ₹877.48 crore in April-June 2019, HPCL said in a regulatory filing.
The net profit surged despite sales falling to ₹45,945.48 crore in first quarter of 2020-21 from ₹74,595.64 crore a year ago.
HPCL earned USD 0.04 on turning every barrel of crude oil into fuel during the quarter as compared to a gross refining margin of USD 0.75 per barrel during the corresponding previous quarter.
