Hindustan Petroleum Corporation (HPCL) has reported results for the fourth quarter and year ended March 31, 2020.
The company has reported a 99.10% fall in its net profit of Rs 26.80 crore for the quarter under review as compared to Rs 2969.92 crore for the same quarter in the previous year. However, total income of the company decreased by 2.28% at Rs 71978.62 crore for Q4FY20 as compared Rs 73661.37 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net loss of Rs 27.63 crore for the quarter under review as against net profit Rs 3340.03 crore for the same quarter in the previous year. Total income of the company decreased by 2.23% at Rs 72059.48 crore for Q4FY20 as compared Rs 73705.56 crore for the corresponding quarter previous year.
For the year ended March 31, 2020, the company has reported a 56.25% fall in its net profit of Rs 2637.26 crore as compared to Rs 6028.66 crore for the previous year. Total income of the company decreased by 3.14% at Rs 289255.10 crore for year under review as compared to Rs 298621.32 crore for year ended March 31, 2019.
For the year ended March 31, 2020, on the consolidated basis, the company has reported a 60.56% fall in its net profit of Rs 2638.73 crore as compared to Rs 6690.63 crore for the previous year. Total income of the company decreased by 3.10% at Rs 289423.67 crore for year under review as compared to Rs 298675.40 crore for year ended March 31, 2019.
