Hindustan Petroleum Corporation (HPCL) has reported results for third quarter ended December 31, 2018.
The company has reported a fall of 87.30% in its net profit at Rs 247.55 crore for the quarter under review as compared to Rs 1,949.69 crore for the same quarter in the previous year. However, total income of the company increased by 22.07% at Rs 77,576.09 crore for Q3FY19 as compared Rs 63,550.78 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.