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HPCL posts net profit at ₹6,765.5 crore in June quarter
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₹6,765.5 crore in the first quarter of the fiscal year 2023-24. The company had posted a net loss of ₹8,557 crore in the same period last year.
The oil marketing company’s revenue fell at ₹1.18 lakh crore in the June quarter of FY24, as compared to ₹1.21 lakh crore a year ago. On July 20, Union minister of state for petroleum and natural gas Rameswar Teli said that Hindustan Petroleum Corporation Limited is setting up a 370-tonne-per-annum electrolyzer-based green hydrogen plant at Visakh Refinery in Andhra Pradesh.
HPCL spent ₹11 crore out of a total fund allocation of ₹33 crore for this project, the minister had said. The project is scheduled to be completed by September this year.
. Read more on livemint.comAbout this in other media
Manappuram Finance Q1 Results: Net profit rises 76% to ₹498 crore, NII up 38% YoY livemint.com /1 year ago
Pidilite Industries Q1 Results: Net profit jumps 32% to ₹474 crore; revenue rises 5.6% YoY livemint.com /1 year ago
Bata India Q1 Results: Net profit drops 10% to ₹106 crore, revenue up 1.6% YoY livemint.com /1 year ago
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