HomeNewsBusinessEarningsHPCL meets street estimates with net profit at Rs 1588 cr

HPCL meets street estimates with net profit at Rs 1588 cr

With fall in global crude prices, the gross refining margins improved by more than USD 6 to come in at over USD 8.50 barrel for HPCL.

August 12, 2015 / 11:44 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

The string of good earnings continues for HPCL, with the oil marketing major's net profit coming in at a whopping Rs 1,588 crore, this despite the total income falling by more than 10 percent to come in just above Rs 51,000 crores.

With fall in global crude prices, the gross refining margins improved by more than USD 6 to come in at over USD 8.50 barrel for HPCL.

Story continues below Advertisement
first published: Aug 11, 2015 10:12 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!