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HPCL reports 60% rise in Q3 consolidated net profit

25 Jan 2024 Evaluate

Hindustan Petroleum Corporation (HPCL) has reported results for third quarter ended December 31, 2023 (Q3FY24). 

The company has reported over 3-fold jump in net profit at Rs 529.02 crore for the quarter ended December 31, 2023 as compared to Rs 172.43 crore for the same quarter in the previous year. Total income of the company increased by 2.22% at Rs 1,18,999.26 crore for Q3FY24 as compared Rs 1,16,415.52 crore for corresponding quarter of the previous year.

On consolidated basis, the company reported 60.46% rise in its net profit at Rs 712.84 crore for Q3FY24 as compared to Rs 444.26 crore for the same quarter in the previous year. Total income of the company increased by 2.17% at Rs 1,19,013.33 crore for Q3FY24 as compared Rs 1,16,485.79 crore for corresponding quarter of the 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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