Hindustan Petroleum March-quarter profit beats estimates | Reuters

State-run oil marketing company Hindustan Petroleum Corp Ltd (HPCL.NS) reported a 31 percent jump in March-quarter net profit on Friday, beating street estimates, as income from operations grew.Net profit rose to 18.19 billion rupees ($282.12 million) in the fourth quarter ended March, from 13.88 billion rupees a year earlier, the company said in a statement. bit.ly/2qqp7NB

Total income from operations climbed 21.7 percent to 591.83 billion rupees.

Analysts on average expected a profit of 12.17 billion rupees for the quarter, according to Thomson Reuters data.

HPCL shares surged 10 percent after the results. ($1 = 64.4750 Indian rupees) (Reporting By Arnab Paul in Bengaluru; Editing by Gopakumar Warrier)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: May 26, 2017 14:56 PM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See