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HPCL share zooms 8% after firm logs Rs 3,018-crore profit in Q4

HPCL share zooms 8% after firm logs Rs 3,018-crore profit in Q4
Average Gross Refining Margin during the year ended March 31, 2021, was $ 3.86 per barrel as against $ 1.02 per barrel during the corresponding previous year
BusinessToday.In | May 21, 2021 | Updated 11:36 IST
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Share of HPCL rose 8 per cent in the morning session to hit a fresh 52-week high of Rs 288.15 on BSE after the state-run oil retailer reported better than expected operating performance.
The company reported a standalone net profit of Rs 3,017.96 crore for the quarter ended March 31. Profit in the December quarter stood at Rs 2,354.64 crore.
The stock opened 5.8 per cent higher at Rs 282.00 against the previous close of Rs 266.45. The stock has gained 53 per cent in one year and risen 27 per cent since the beginning of this year. HPCL s share stands higher than 5 day, 10 day, 20 day, 50 day, 100 day, and 200 day moving averages. Market cap of the firm rose to Rs 39 ....

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HPCL share zooms 8% after firm logs Rs 3,018-crore profit in Q4

HPCL share zooms 8% after firm logs Rs 3,018-crore profit in Q4
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

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Hindustan Petroleum Q4 net profit jumps to Rs 3,018 cr on inventory gains

The company had a net profit of Rs 27 crore in January-March 2020.
Enhanced profitability was a result of robust operational performance, improvement in refinery margins helped by inventory gains and favourable exchange rate variations, HPCL Chairman and Managing Director M K Surana told reporters.
The company, which runs refineries at Mumbai and Visakhapatnam, earned USD 8.11 on turning every barrel of crude oil into fuel in January-March period. This is compared with a negative gross refining margin (GRM) of USD 1.23 per barrel.
Inventory gains are booked when raw material (crude) prices rise by the time a company processes oil into fuel. Losses are booked when the reverse happens. ....

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Results: HPCL posts Rs 10,664 crore PAT for FY 2020-21; proposed a final dividend of Rs 22.75 per share

Results: HPCL posts Rs 10,664 crore PAT for FY 2020-21; proposed a final dividend of Rs 22.75 per share
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

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HPCL FY21 profit soars 300% to record Rs 10,664 crore

The company, which runs refineries at Mumbai and Visakhapatnam, earned USD 8.11 on turning every barrel of crude oil into fuel in January-March period. This is compared with a negative gross refining margin (GRM) of USD 1.23 per barrel ....

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