HPCL Q3 profit rises to ₹2,355 crore, revenue down 3%
Oil marketing major Hindustan Petroleum Corporation Ltd (HPCL) on Thursday reported a net profit at ₹2,355 crore for the third quarter ended December 31, 2020.
It had recorded a profit of ₹747 crore during the same period of last fiscal year. However, the company’s revenue dropped 2.9% year-on-year to ₹68,659 crore as compared to ₹70,042 crore reported a year before.
The earnings before interest, taxes, depreciation and amortisation (EBIDTA) for Q3 FY21 was ₹3,302 crore compared to ₹1,156 crore in Q3 FY20.
