HPCL Q2 results: Net profit slumps 98% on fall in refining, fuel margin

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HPCL reported a consolidated net profit of Rs 142.67 crore in July-September -- the second quarter of the current 2024-25 fiscal year -- compared to a profit of Rs 5,826.96 crore a year back, according to a stock exchange filing by the company.

State-owned Hindustan Petroleum Corporation Ltd (BPCL) on Friday reported a massive 97.5 per cent drop in net profit in the September quarter, as refinery margins fell and marketing margins shrunk.

Net profit also declined sequentially, when compared to an earning of Rs 633.94 crore in the April-June period.

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Category: BusinessFinance

Markets: India

Topics: Hindustan Petroleum Corporation Ltd HPCL HPCL Q2 results Fuel refinery Fuel refining

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 14:45:23 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 336 words

Reading Time: 2 minutes read

Sentences: 13 lines

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Copyright Owner: © Business Standard

News ID: 23237726

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