Hindustan Petroleum Corporation zooms on reporting consolidated net profit of Rs 3060.70 crore in Q4

Hindustan Petroleum Corporation is currently trading at Rs. 278.10, up by 11.65 points or 4.37% from its previous closing of Rs. 266.45 on the BSE.

The scrip opened at Rs. 282.00 and has touched a high and low of Rs. 288.15 and Rs. 276.20 respectively. So far 976092 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 288.15 on 21-May-2021 and a 52 week low of Rs. 163.30 on 15-Oct-2020.

Last one week high and low of the scrip stood at Rs. 288.15 and Rs. 250.90 respectively. The current market cap of the company is Rs. 39407.27 crore.

The promoters holding in the company stood at 53.50%, while Institutions and Non-Institutions held 35.25% and 11.25% respectively.

Hindustan Petroleum Corporation (HPCL) has reported results for fourth quarter and year ended March 31, 2021.

The company has reported many fold jump in its net profit at Rs 3017.96 crore for the quarter under review as compared to Rs 26.80 crore for the same quarter in the previous year. Total income of the company increased by 19.13% at Rs 85748.12 crore for Q4FY21 as compared Rs 71978.62 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit at Rs 3060.70 crore for the quarter under review as compared to net loss of Rs 27.63 crore for the same quarter in the previous year. Total income of the company increased by 19% at Rs 85754.76 crore for Q4FY21 as compared Rs 72059.48 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported 4- fold jump in its net profit at Rs 10663.88 crore as compared to Rs 2637.26 crore for the previous year. However, total income of the company marginally decreased by 5.58% at Rs 273115.05 crore for year under review as compared to Rs 289255.10 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported 4- fold jump in its net profit at Rs 10662.89 crore as compared to Rs 2638.73 crore for the previous year. However, total income of the company decreased by 5.60% at Rs 273221.69 crore for year under review as compared to Rs 289423.67 crore for year ended March 31, 2020.

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