Hindustan Petroleum Corporation (HPCL) has reported results for first quarter ended June 30, 2018
The company has reported 85.91% rise in its net profit at Rs 1,719.21 crore for the quarter under review as compared to Rs 924.75 crore for the same quarter in the previous year. Total income of the company increased by 21.44% at Rs 73,525.51 crore for Q1FY19 as compared Rs 60,545.25 crore for the corresponding quarter previous year.
HPCL is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.