Latest News
-
Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June? -
Rs 45/Share Dividend: Record Date In Due Course; Buy The IT Stock For Dividend Eligiblity? -
175% Dividend: TATA Group Stock Declares Q4 Results; Buy The Rekha Jhunjhunwala Portfolio Stock? -
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy
For Daily Alerts
HPCL Q1 Net Profits Fell 56% To Rs. 925 Crores
As against the estimates, HPCL reported lower profit that got reduced by 56% in comparison to last year figure
Missing analyst readings and estimated, state-run oil refiner HPCL reported decline in profits to the tune of 56% for the quarter ending June of the FY 2017-18. As per Thomson Reuters data, analysts estimated companies profits on an average to be Rs. 1,028 crores for the quarter.
The company however reported net profit for the quarter at Rs 925 crore as against Rs 20.98 billion in the corresponding period last year.
Gross refining margins or profit realized for each barrel of crude being processed also reduced from $6.83 in the same period in the previous year to levels of $5.86 per barrel in the quarter that ended in June.
Goodreturns.in
Story first published: Friday, August 4, 2017, 15:18 [IST]
More From GoodReturns
