HPCL net profit up 30% in Q1

Mumbai, Aug 22 (IANS) Hindustan Petroleum Corporation Ltd (HPCL) on Monday reported a 30 per cent rise in its net profit to Rs 2,098.38 crore in the quarter ended June 30 as compared to Rs 1,614.13 crore in the corresponding period last year.

Net sales in the quarter under review stood at Rs 51,599.52 crore, down 5.7 per cent from Rs 54,739.46 crore in the same quarter last year.

The company's crude throughput (rate of production) grew to 4.48 million metric tonnes (MMT) in the June quarter from 3.75 MMT in the year-ago period.

In volumes, domestic sales increased to 8.89 MMT in the first quarter of current fiscal from 8.46 MMT in corresponding quarter last year while exports fell to 0.03 MMT from 0.12 MMT.