{"id":416344,"date":"2021-05-22T08:50:40","date_gmt":"2021-05-22T03:20:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=416344"},"modified":"2021-05-22T09:22:09","modified_gmt":"2021-05-22T03:52:09","slug":"hpcl-rallies-8-hits-52-week-high-on-strong-march-quarter-results","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hpcl-rallies-8-hits-52-week-high-on-strong-march-quarter-results\/","title":{"rendered":"HPCL rallies 8%, hits 52-week high on strong March quarter results"},"content":{"rendered":"<p>Shares of Hindustan Petroleum Corporation (HPCL) rallied 8 per cent and hit a 52-week high of Rs 288.15 on the BSE in intra-day trade on Friday after reporting many-fold jump in its March quarter (Q4FY21) net profit to Rs 3,018 crore on the back of inventory gains and rise in refining margins. The state-owned oil marketing company had a net profit of Rs 27 crore in January-March 2020 (Q4FY20).<\/p>\n<p>The company announced final dividend of Rs 22.75 per share, translating to dividend yield of 9 per cent for FY21. It also completed its share buyback program on April 20, 2021. <\/p>\n<p>\u201cHPCL\u2019s marketing sales volumes were 9 per cent above est. at 10.1mmt (+6 per cent YoY). The marketing margin stood at Rs 6\/lit (v\/s our est. of Rs 5.2; +64 per cent YoY and +15 per cent QoQ)\u201d, Motilal Oswal Securities said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Hindustan Petroleum Corporation (HPCL) rallied 8 per cent and hit a 52-week high of Rs 288.15 on the BSE in intra-day trade on Friday after reporting many-fold jump in its March quarter (Q4FY21) net profit to Rs 3,018 crore on the back of inventory gains and rise in refining margins. The state-owned oil marketing company had a net profit of Rs 27 crore in January-March 2020 (Q4FY20). The company announced final dividend of Rs 22.75 per share, translating to dividend yield of 9 per cent for FY21. It also completed its share buyback program on April 20, 2021. [&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":[135,130,169],"tags":[],"class_list":["post-416344","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416344","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=416344"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416344\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=416344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=416344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=416344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}