{"id":358049,"date":"2020-06-18T11:21:40","date_gmt":"2020-06-18T05:51:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=358049"},"modified":"2020-06-18T11:58:05","modified_gmt":"2020-06-18T06:28:05","slug":"street-cautious-on-hpcl-after-99-drop-in-q4-net-profit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/street-cautious-on-hpcl-after-99-drop-in-q4-net-profit\/","title":{"rendered":"Street cautious on HPCL after 99% drop in Q4 net profit"},"content":{"rendered":"<p>Mumbai: Inventory losses in the March quarter prompted analysts to maintain their cautious outlook on HPCLNSE 3.08 % despite the stock trading at a significant discount to its historical valuations. The company on Tuesday posted a 99 per cent drop in its net profit at Rs 27 crore for the March quarter compared to a net profit of Rs 2,970 crore in the corresponding period a year ago. Fall in refining margins and huge inventory losses due to crash in international oil prices dragged the state-owned oil marketing company\u2019s bottomline.<\/p>\n<p>Shares of HPCL, which declined nearly 20 per cent in the past six months, ended 2 per cent higher at Rs 214 on the BSE on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Inventory losses in the March quarter prompted analysts to maintain their cautious outlook on HPCLNSE 3.08 % despite the stock trading at a significant discount to its historical valuations. The company on Tuesday posted a 99 per cent drop in its net profit at Rs 27 crore for the March quarter compared to a net profit of Rs 2,970 crore in the corresponding period a year ago. Fall in refining margins and huge inventory losses due to crash in international oil prices dragged the state-owned oil marketing company\u2019s bottomline. Shares of HPCL, which declined nearly 20 per cent in [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-358049","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358049","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=358049"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358049\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=358049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=358049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=358049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}