Hindustan Oil Exploration Company has reported results for fourth quarter and year ended March 31, 2012.
On the standalone basis, the company has posted a fall of 69.09% in its net profit at Rs 7.55 crore for the quarter ended March 31, 2012 as compared to Rs 24.43 crore for the same quarter in the previous year. Total income has decreased by 68.97% at Rs 26.15 crore for quarter under review as compared to Rs 84.28 crore for the quarter ended March 31, 2011.
For the full year ended March 31, 2012, the company has posted a fall of 58.24% in its net profit at Rs 33.49 crore for the year ended March 31, 2012 as compared to Rs 80.19 crore for the same period in the previous year. Total income has decreased by 56.16% at Rs 144.00 crore for year under review as compared to Rs 328.46 crore for the period ended March 31, 2011.
On the consolidated basis, the company has posted a fall of 57.63% in its net profit at Rs 34.54 crore for the year ended March 31, 2012 as compared to Rs 81.53 crore for the same period in the previous year. Total income has decreased by 53.00% at Rs 161.87 crore for year under review as compared to Rs 344.44 crore for the period ended March 31, 2011.
