{"id":286807,"date":"2019-08-09T05:25:53","date_gmt":"2019-08-09T05:25:53","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286807"},"modified":"2019-08-09T05:25:53","modified_gmt":"2019-08-09T05:25:53","slug":"hpcl-june-quarter-performance-falls-short-of-expectations","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hpcl-june-quarter-performance-falls-short-of-expectations\/","title":{"rendered":"HPCL June quarter performance falls short of expectations"},"content":{"rendered":"<p>State-run oil refining and marketing company Hindustan Petroleum Corp. Ltd\u2019s (HPCL) June quarter results are nothing to write home about. Net profit of \u20b9811 crore missed Bloomberg\u2019s consensus estimate of \u20b91,002.5 crore.<\/p>\n<p>\u201cCompared to its peer Indian Oil Corp. Ltd that reported strong results last week, HPCL reported a weak set of results,&#8221; said brokerage firm Nomura Financial Advisory and Securities (India) Pvt. Ltd. \u201cHigher inventory loss was one reason for the miss (IOC had reported inventory gains), but adjusted for inventory loss, both refining and marketing earnings were weaker.&#8221;<\/p>\n<p>HPCL\u2019s Ebitda of \u20b91644 crore too was below forecast. Gross refining margin (GRM) stood at $0.75 per barrel in April-June compared with $7.15 per barrel for the same period last year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run oil refining and marketing company Hindustan Petroleum Corp. Ltd\u2019s (HPCL) June quarter results are nothing to write home about. Net profit of \u20b9811 crore missed Bloomberg\u2019s consensus estimate of \u20b91,002.5 crore. \u201cCompared to its peer Indian Oil Corp. Ltd that reported strong results last week, HPCL reported a weak set of results,&#8221; said brokerage firm Nomura Financial Advisory and Securities (India) Pvt. Ltd. \u201cHigher inventory loss was one reason for the miss (IOC had reported inventory gains), but adjusted for inventory loss, both refining and marketing earnings were weaker.&#8221; HPCL\u2019s Ebitda of \u20b91644 crore too was below forecast. Gross [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-286807","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=286807"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286807\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}