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HPCL registers four-fold jump in Q4 net profit

30 May 2012 Evaluate

Hindustan Petroleum Corporation (HPCL) has reported results for the quarter and year ended March 31, 2012.

The company’s net profit for the fourth quarter ended March 31, 2012 jumped over four fold to Rs 4630.99 crore as compared to Rs 1122.66 crore for the quarter ended March 31, 2011. The total income has increased by 31.66% to Rs 52772.56 crore for the quarter under review from Rs 40083.29 crore for the corresponding quarter of the previous year.

For the year ended March 31, 2012, the company’s net profit declined by 40.79% to Rs 911.43 crore as compared to Rs 1539.01 crore for the previous year. However, the company’s total income has increased by 33.02% to Rs 179361.41 crore for the year from Rs 134842.48 crore in the previous year.

On consolidated basis, the Group’s net profit after tax and minority interest stood at Rs 174.65 crore for the year under review as compared to Rs 1703.60 crore for the period ago, down by 89.74%. However, its total income has increased by 33.09% to Rs 186304.31 crore for the year ended March 31, 2012 from Rs 139985.89 crore in the previous year.

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