HPCL's Q4 net profit dropped 25% to Rs 2,709.31 crore due to lower refining margins.
Hindustan Petroleum Corporation Ltd (HPCL) reported a 25% drop in its Q4 net profit due to lower refining margins, at Rs 2,709.31 crore, compared to Rs 3,608.32 crore in the same period last year. Despite this, the company's full fiscal 2023-24 net profit increased to a record Rs 16,014.61 crore, compared to a loss of Rs 6,980.23 crore in the previous year. HPCL also announced a 1:2 bonus share issue for its shareholders.
May 09, 2024
6 Articles