HPCL's net profit up by 30% in June quarter
Hindustan Petroleum Corporation Ltd (HPCL) on Monday reported a 30% increase in net profit, which stood at ₹2,098.38 crore for the quarter ended June. “The increase in profit is primarily on account of growth in volumes, stable refining margin, and inventory gains,” an HPCL statement read. However, the firm's net revenue fell 5.7% from the year-ago period to ₹51,661.04 crore.