Reuters logo
Hindustan Petroleum March-quarter profit beats estimates
May 26, 2017 / 9:26 AM / 4 months ago

Hindustan Petroleum March-quarter profit beats estimates

A worker walks inside the complex of Guru Gobind Singh oil refinery near Bhatinda in Punjab April 27, 2012. REUTERS/Ajay Verma/Files

REUTERS - State-run oil marketing company Hindustan Petroleum Corp Ltd (HPCL.NS) 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.

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below