InvestorQ : How were the quarterly results of HPCL for the Jun-21 quarter?
Lavanya Subramanian made post

How were the quarterly results of HPCL for the Jun-21 quarter?

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Anamika Sodhani answered.
4 months ago
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Hindustan Petroleum or HPCL reported 11.04% lower net profit at Rs.2,004 crore for Jun-21 quarter. However, in the light of higher crude prices, the revenues were sharply higher at Rs.77,980 crore. Apart from the improved pricing, even sales volumes increased yoy from 7.62 MT to 8.83 MT.

During the quarter ended Jun-21, sale of petrol was up 36.6%, diesel 22.2% and ATF 118.8%. HPCL reported a positive growth in the gross refining margins or GRM at $3.31/bbl. However, with crude getting closer to its immediate peak, additional gains from crude prices looks limited.

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