HPCL net profit more than triples in Q3

Quick Summary:

Hindustan Petroleum Corporation Ltd (HPCL) reported a significant increase in its December quarter net profit to Rs 2,543.65 crore due to higher marketing margins.

Despite unchanged income from operations, profits soared thanks to the retail fuel price freeze and operational efficiencies in refining and marketing divisions.

The rate freeze has often been justified on grounds that the oil companies need to recover losses they make when prices of crude oil, which is refined to make fuels like petrol and diesel, rise.

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Article Details

Author / Journalist: PTI

Category: EconomyBusiness

Markets: IndiaJapan

Topics: Hindustan Petroleum Corporation earnings Indian Oil Corporation Bharat Petroleum Corporation profits HPCL net profit Q3 FY25 HPCL profit increase

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-24 @ 15:05:44 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 768 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 25394488

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