{"id":357955,"date":"2020-06-18T10:29:40","date_gmt":"2020-06-18T04:59:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=357955"},"modified":"2020-06-18T10:29:40","modified_gmt":"2020-06-18T04:59:40","slug":"after-subdued-q4fy20-all-eyes-on-recovery-in-fy21-for-hpcl","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/after-subdued-q4fy20-all-eyes-on-recovery-in-fy21-for-hpcl\/","title":{"rendered":"After subdued Q4FY20, all eyes on recovery in FY21 for HPCL"},"content":{"rendered":"<p>MUMBAI: State-owned oil marketing company (OMC), Hindustan Petroleum Corp. Ltd\u2019s (HPCL) March quarter results were weak. The company reported a standalone net profit of \u20b927 crore, a sharp 99% decline from the year-ago period. But that shouldn\u2019t come as a surprise for investors considering the covid-19 led demand disruptions during the quarter.<\/p>\n<p>&#8220;Adjusted for tax reversal and prior period taxes, HPCL\u2019s net loss came in at \u20b91,380 crore versus our estimate of an \u20b91,840 crore loss,&#8221; wrote analysts from Nomura Financial Advisory and Securities (India) Pvt. Ltd in a report on 16 June.<\/p>\n<p>HPCL like its larger peer, Bharat Petroleum Corp. Ltd (BPCL), saw massive inventory losses during the quarter. It\u2019s worth noting that HPCL was able to report better core gross refining margin (GRM) compared with BPCL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: State-owned oil marketing company (OMC), Hindustan Petroleum Corp. Ltd\u2019s (HPCL) March quarter results were weak. The company reported a standalone net profit of \u20b927 crore, a sharp 99% decline from the year-ago period. But that shouldn\u2019t come as a surprise for investors considering the covid-19 led demand disruptions during the quarter. &#8220;Adjusted for tax reversal and prior period taxes, HPCL\u2019s net loss came in at \u20b91,380 crore versus our estimate of an \u20b91,840 crore loss,&#8221; wrote analysts from Nomura Financial Advisory and Securities (India) Pvt. Ltd in a report on 16 June. HPCL like its larger peer, Bharat Petroleum [&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-357955","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\/357955","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=357955"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357955\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=357955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=357955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=357955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}