HPCL Q1 Results: Net Profit Comes In At ₹6,765.5 Crore In June Quarter

Decadal High Quarterly Standalone Profit for Q1 FY23-24 at ₹ 6,204 crore.

Mumbai, August 3, 2023

Financial Performance Update

Hindustan Petroleum Corporation Limited (HPCL) has reported Revenue from operations of ₹ 1,19,044 crore for the period Apr-Jun 2023.

The Company has reported Decadal High Quarterly Standalone Profit after Tax (PAT) of ₹ 6,204 crore during Apr-Jun 2023 registering an increase of 192% over ₹ 3,223 crore PAT reported during Q4 FY22-23 (Standalone Net Loss of ₹ 10,197 crore during the corresponding period of previous year).Consolidated PAT during this period was ₹ 6,766 crore as compared to Consolidated Net Loss of ₹ 8,557 crore during the corresponding period of previous year.

Average GRMs (Gross of export duty) for the period Apr-Jun 2023 were US$ 7.44 per barrel (US$ 16.69 per barrel during the corresponding period of previous year).