HPCL reports ₹ 1,052.31 cr profit in Q2
Hindustan Petroleum Corporation Limited has reported a ₹ 1,052.31 crore profit for the second quarter of financial year 2019-2020. This is marginally lower than the ₹ 1.091.98 crore reported by the company in the corresponding period of the previous financial year.
Total income during the period under review fell to ₹ 66,850.89 crore from ₹ 73,789.50 crore in the same quarter of financial year 2018-2019. “The lower product prices have driven down the top line,” Mukesh Kumar Surana, Chairman & Managing Director at HPCL said.
“We expect diesel cracks should improve, MS cracks may be maintained at current levels. LPG cracks had been low too and we expect the GRM to improve in the coming quarter,” Surana added.
