The company has reported gross refining margin at USD 7.61/bbl, which includes inventory gain of USD 2/bbl.
CNBC TV18
@moneycontrolcom
Oil major Hindustan Petroleum Corporation (HPCL) has reported 87.6 percent jump in its Q2FY18 (July-September) net profit at Rs 1,735 crore versus net profit of Rs 925 crore in the quarter ended June 2017.
According to CNBC-TV18 poll the profit was expected at Rs 1976 crore.The company’s revenue (excluding excise) was up 15 percent at Rs 47,523 crore against Rs 41,328 crore.
Its EBITDA was at Rs 2,905.6 crore against EBITDA loss of Rs 10,513 crore.
The EBITDA was expected at Rs 3,345 crore, according to average of estimates of analysts polled by CNBC-TV18.
The company has reported gross refining margin at USD 7.61/bbl, which includes inventory gain of USD 2/bbl.
Hindustan Petroleum Corporation ended at Rs 431.30, down Rs 4, or 0.92 percent on the BSE.
