HPCL Q3 Net Profit up by 23% from Rs. 1590 Crores to Rs. 1950 Crores

Sarkaritel
By Sarkaritel February 9, 2018 20:22


Hindustan Petroleum Corporation Ltd. has registered gross sales of Rs. 62,832 crores during October-December, 2017 as compared to Rs. 55,471 crores for the period October-December, 2016. Quarterly Profit after Tax (PAT) increased to Rs 1950 crores for the period October-December 2017 against Rs 1590 crores achieved during the corresponding period of previous financial year. The increase in profit is due to better refinery margin during the period compared to corresponding period of last year on account of improved cracks & inventory gains.

The refineries at Mumbai and Visakh processed 4.52 million tonnes of crude during October– December, 2017 as against 4.66 million tonnes during October– December, 2016. The combined GRM during the period October– December, 2017 was $ 9.04 per barrel as compared to $ 6.38 per barrel in the corresponding previous period primarily due to improved distillate yield and better product cracks. 

For the period April – December 2017, Hindustan Petroleum Corporation Limited has recorded Profit After Tax of Rs4609crores. Gross sales increased by 14.2% to Rs. 1,76,876crores during April-December, 2017 as compared to Rs. 1,54,821 crores for corresponding period of the previous year.

Sarkaritel
By Sarkaritel February 9, 2018 20:22