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HPCL reports 67% fall in Q3 consolidated net profit

10 Feb 2023 Evaluate

Hindustan Petroleum Corporation (HPCL) has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported a fall of 80.15% in its net profit at Rs 172.43 crore for the quarter under review as compared to Rs 868.86 crore for the same quarter in the previous year. However, total income of the company increased 11.76% at Rs 116415.52 crore for Q3FY23 as compared to Rs 104167.93 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported fall of 67.16% in its net profit at Rs 444.26 crore for the quarter under review as compared to Rs 1352.99 crore for the same quarter in the previous year. However, total income of the company increased 11.83% at Rs 116485.79 crore for Q3FY23 as compared to Rs 104161.66 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Reliance Industries 1226.00
Indian Oil Corpn. 135.80
Bharat PetroleumCorp 307.55
HPCL 351.50
MRPL 164.85
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