HPCL reports 56% fall in Q1 consolidated net profit

08 Aug 2019

Hindustan Petroleum Corporation (HPCL) has reported results for first quarter ended June 30, 2019.

The company has reported a fall of 52.83% in its net profit at Rs 810.95 crore for the quarter under review as compared to Rs 1,719.21 crore for the same quarter in the previous year. However, total income of the company increased marginally by 2.58% at Rs 75,424.59 crore for Q1FY20 as compared Rs 73525.51 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 55.87% in its net profit at Rs 877.48 crore for the quarter under review as compared to Rs 1,988.19 crore for the same quarter in the previous year. However, total income of the company increased marginally by 2.59% at Rs 75,471.52 crore for Q1FY20 as compared Rs 73563.87 crore for the corresponding quarter previous year.

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