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HPCL reports 70% rise in Q4 net profit

21 May 2019 Evaluate

Hindustan Petroleum Corporation (HPCL) has reported results for fourth quarter and year ended March 31, 2019.

The company has reported a rise of 69.91% in its net profit at Rs 2,969.92 crore for the quarter under review as compared to Rs 1,747.89 crore for the same quarter in the previous year. Total income of the company increased by 9.99% at Rs 73,672.50 crore for Q4FY19 as compared Rs 66,983.38 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a fall of 5.17% in its net profit at Rs 6,028.66 crore as compared to Rs 6,357.07 crore for the previous year. However, total income of the company increased by 21.40% at Rs 298,564.25 crore for year under review as compared to Rs 245,934.81 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a fall of 7.31% in its net profit at Rs 6,690.63 crore as compared to Rs 7,218.28 crore for the previous year. However, total income of the company increased by 21.49% at Rs 298,618.33 crore for year under review as compared to Rs 245,790.22 crore for year ended March 31, 2018.

Peers
Company Name CMP
Reliance Industries 1223.30
Indian Oil Corpn. 128.55
Bharat PetroleumCorp 293.55
HPCL 348.40
MRPL 174.85
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