{"id":416259,"date":"2021-05-21T12:10:45","date_gmt":"2021-05-21T06:40:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=416259"},"modified":"2021-05-21T12:10:45","modified_gmt":"2021-05-21T06:40:45","slug":"hpcl-q4-results-net-profit-jumps-to-rs-3018-cr-on-big-inventory-gains","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hpcl-q4-results-net-profit-jumps-to-rs-3018-cr-on-big-inventory-gains\/","title":{"rendered":"HPCL Q4 results: Net profit jumps to Rs 3,018 cr on big inventory gains"},"content":{"rendered":"<p>New Delhi: Hindustan Petroleum\u2019s fourth-quarter profit rose to Rs 3,018 crore from Rs 27 crore a year earlier on big inventory gains.<\/p>\n<p>The sales for the quarter rose 19% to Rs. 84,905 crore. \u201cEnhanced profitability was a result of robust operational performance, improvement in refinery margins helped by inventory gains and favorable exchange rate variations,\u201d said HPCL NSE 4.35 % Chairman M K Surana.<\/p>\n<p>The gross refining margin for the quarter was $ 8.11 per barrel compared to minus $1.23 per barrel in the same quarter last year. The company had an inventory gain of Rs 4,051 crore as against a loss of Rs 2,885 crore in the year-ago period. A 23% jump in oil prices during the quarter contributed to the inventory gain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Hindustan Petroleum\u2019s fourth-quarter profit rose to Rs 3,018 crore from Rs 27 crore a year earlier on big inventory gains. The sales for the quarter rose 19% to Rs. 84,905 crore. \u201cEnhanced profitability was a result of robust operational performance, improvement in refinery margins helped by inventory gains and favorable exchange rate variations,\u201d said HPCL NSE 4.35 % Chairman M K Surana. The gross refining margin for the quarter was $ 8.11 per barrel compared to minus $1.23 per barrel in the same quarter last year. The company had an inventory gain of Rs 4,051 crore as against [&hellip;]<\/p>\n","protected":false},"author":39,"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-416259","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\/416259","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=416259"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416259\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=416259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=416259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=416259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}