HPCL Q4 net profit jumps 70%

Our Bureau New Delhi | Updated on May 20, 2019

Hindustan Petroleum Corp Ltd  (HPCL) on Monday  reported a ₹2,970-crore net profit for the fourth quarter of FY19 as inventory gains and rupee appreciation negated a dip in refinery margins. This was 70 per cent higher than the ₹1,748-crore net profit it witnessed in Q4 FY18.

Turnover rose to ₹72,840 crore in Q4 (₹66,351 crore).

HPCL declared a final dividend of 94 per cent  (₹9.40 for each share of ₹10). Shares of HPCL closed 6.78 per cent higher at ₹293.60 on the BSE on Monday.

The standalone profit after tax for FY19 stood at ₹6,029 crore, against ₹6,357 crore in the previous fiscal,  a company statement said.

Published on May 20, 2019

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