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Results: HPCL s PAT triples; at Rs 2,355 crore

Results: HPCL’s PAT triples; at Rs 2,355 crore State-run Hindustan Petroleum Corporation Limited (HPCL) reported Profit after Tax (PAT) of Rs 2,355 crore for the quarter ended December 31, 2020, a three-fold increase year on year (yoy). Compared to the same period last year, the company reported a PAT of Rs 747 crore. For the period April-December 2020, HPCL’s PAT soared by 192 per cent. The oil marketing company recorded a PAT of Rs 7,646 crore as against PAT of Rs 2,610 crore during the same period of previous year. Hindustan Petroleum Corporation Limited (HPCL) CMD Mukesh Kumar Surana said this gain is due to foreign currency transactions and translations.

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