InvestorQ : How do you see the results of HPCL for the Mar-21 quarter?
Rashi Mehra made post

How do you see the results of HPCL for the Mar-21 quarter?

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Archita Jajjoo answered.
4 weeks ago
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HPCL Q4 turned around from a loss in Mar-20 quarter to a net profit of Rs.3,018 crore in the Mar-21 quarter. This was on the back of inventory gains and improvement in gross refining margins or GRMs. HPCL had reported a small loss in the Mar-20 quarter due to asset impairment exceptional losses it had taken in that particular quarter.

For the Mar-21 quarter, HPCL reported GRM of $8.11/bbl compared to negative GRM in the Mar-20 quarter and that made all the difference. Inventory translation gains on raw material also revalued positively for crude. HPCL booked inventory gains of Rs.4,608 crore in Mar-21 quarter against inventory losses of Rs 4,113 crore in same quarter last year.

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