Hindustan Oil Exploration reports 3-fold jump in Q3 net profit

19 Jan 2019

Hindustan Oil Exploration has reported results for third quarter ended December 31, 2018.

The company has reported around 3-fold jump in its net profit at Rs 34.81 crore for the quarter under review as compared to Rs 12.87 crore for the same quarter in the previous year. Total income of the company also reported around 5-fold jump at Rs 68.78 crore for Q3FY19 as compared Rs 14.67 crore for the corresponding quarter previous year.

Hindustan Oil Exploration Company is an oil and gas company. The company’s activities relate to exploration and production of hydrocarbons, which are natural resources. Its segments include Hydro carbon and Oil additives. Its products include crude oil and natural gas.

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