{"id":382793,"date":"2020-11-06T11:21:31","date_gmt":"2020-11-06T05:51:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=382793"},"modified":"2020-11-06T12:34:55","modified_gmt":"2020-11-06T07:04:55","slug":"hpcl-net-doubles-in-q2-on-margin-increase-inventory-gains","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hpcl-net-doubles-in-q2-on-margin-increase-inventory-gains\/","title":{"rendered":"HPCL net doubles in Q2 on margin increase, inventory gains"},"content":{"rendered":"<p>Hindustan Petroleum Corp Ltd (HPCL) on Wednesday reported more than doubling of its second quarter net profit on the back of a surge in refining margins and inventory gains.<\/p>\n<p>Net profit in July-September came at Rs 2,477 crore as compared to Rs 1,052 crore a year back, HPCL Chairman and Managing Director Mukesh Kumar Surana told reporters on a call.<\/p>\n<p>&#8220;The significant improvement in the profitability in spite of challenges including lockdown due to COVID-19 pandemic was a result of strategic planning in refinery and marketing operation, containing the de-growth to less than the industry, efficient inventory management and effective production placement,&#8221; he said.<\/p>\n<p>Gross sales revenue at Rs 61,340 crore was lower than Rs 66,165 crore of Q2 of the previous financial year due to lower oil prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hindustan Petroleum Corp Ltd (HPCL) on Wednesday reported more than doubling of its second quarter net profit on the back of a surge in refining margins and inventory gains. Net profit in July-September came at Rs 2,477 crore as compared to Rs 1,052 crore a year back, HPCL Chairman and Managing Director Mukesh Kumar Surana told reporters on a call. &#8220;The significant improvement in the profitability in spite of challenges including lockdown due to COVID-19 pandemic was a result of strategic planning in refinery and marketing operation, containing the de-growth to less than the industry, efficient inventory management and effective [&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":[130,211,144],"tags":[],"class_list":["post-382793","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382793","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=382793"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382793\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=382793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=382793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=382793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}