Hindustan Petroleum March-quarter profit beats estimates

Reuters 

REUTERS - State-run oil marketing company Hindustan Petroleum Corp Ltd reported a 31 percent jump in March-quarter net profit on Friday, beating street estimates, as income from operations grew.

Net profit rose to 18.19 billion rupees ($282.12 million) in the fourth quarter ended March, from 13.88 billion rupees a year earlier, the company said in a statement. http://bit.ly/2qqp7NB

Total income from operations climbed 21.7 percent to 591.83 billion rupees.

Analysts on average expected a profit of 12.17 billion rupees for the quarter, according to Thomson Reuters data.

HPCL shares surged 10 percent after the results.

($1 = 64.4750 Indian rupees)

(Reporting By Arnab Paul in Bengaluru; Editing by Gopakumar Warrier)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Hindustan Petroleum March-quarter profit beats estimates

REUTERS - State-run oil marketing company Hindustan Petroleum Corp Ltd reported a 31 percent jump in March-quarter net profit on Friday, beating street estimates, as income from operations grew.

REUTERS - State-run oil marketing company Hindustan Petroleum Corp Ltd reported a 31 percent jump in March-quarter net profit on Friday, beating street estimates, as income from operations grew.

Net profit rose to 18.19 billion rupees ($282.12 million) in the fourth quarter ended March, from 13.88 billion rupees a year earlier, the company said in a statement. http://bit.ly/2qqp7NB

Total income from operations climbed 21.7 percent to 591.83 billion rupees.

Analysts on average expected a profit of 12.17 billion rupees for the quarter, according to Thomson Reuters data.

HPCL shares surged 10 percent after the results.

($1 = 64.4750 Indian rupees)

(Reporting By Arnab Paul in Bengaluru; Editing by Gopakumar Warrier)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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