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HPCL Q4 net jumps 13-fold at Rs 5,104 cr

New Delhi, June 03, 2009

Hindustan Petroleum Corporation (HPCL) reported a 13-fold growth in net profit at Rs 5,104.04 crore for the fourth quarter ended March 31, 2009.

The state-run refining and marketing company had a net profit of Rs 384.51 crore in the March quarter of FY08, HPCL said in a statement.

The total income of the company declined 16.91 per cent to Rs 24,875.02 crore during the fourth quarter, from Rs 29,936.03 crore in the corresponding period a year-ago.

The gross refining margin for the financial year ended March 31 stood at $3.97 per barrel, against $6.54 a barrel in the year-ago period.

The board has declared a dividend of 52.5 per cent at the rate of Rs 5.25 a piece on every share of Rs 10 each held for the financial year ended March 31.

For the financial year ended March 31, HPCL posted a net profit of Rs 574.98 crore, a 49.33 per cent decline over the year-ago period. The company had a net profit of Rs 1,134.88 crore in FY'08.

Total income rose 12.13 per cent to Rs 1,16,427.83 crore during the fiscal ended March 31, from Rs 1,03,837.43 crore in the previous fiscal.

Shares of HPCL closed at Rs 349.40, down 3.12 per cent on the BSE.

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