HPCL Q3 results: Share price surges 5%, net profit rises 257% YoY to Rs 2,544 crore
According to the financial results, the company's net profit increased 257% Y-o-Y to Rs 2,544 crore as compared to Rs 712.84 crore a year ago. Sequentially, the profit increased by 16.83 folds.
HPCL Q3 results: Share price surges 5, net profit rises 257 YoY to Rs 2,544 crore
State-owned Hindustan Petroleum Corporation shares rose 4.9% on Friday, making an intraday high at Rs 380 per share. The northward movement in the stock came after the company announced a multi-fold increase in consolidated net profit year-on-year.
According to the financial results, the company's net profit increased 257% Y-o-Y to Rs 2,544 crore as compared to Rs 712.84 crore a year ago. Sequentially, the profit increased by 16.83 folds.
The revenue of the company for the quarter under review stood at Rs 1,18,513.22 crore as compared to Rs 1,18,027.14 crore a year ago which implies a rise of 0.4% Y-o-Y. On a quarter-on-quarter (Q-o-Q) basis the revenue increased by 10%.
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As per the company's filing, during the period April-December 2024, HPCL refineries recorded the highest ever crude thruput of 18.53 MMT, operating at 106% of the installed capacity, registering an increase of 12.4% over the thruput of 16.49 MMT during April-December 2023.
During Q3FY25, the refineries recorded crude thruput of 6.47 MMT, registering an increase of 21.2% over the thruput of 5.34 MMT during 3QFY24. During the quarter, Visakh Refinery added a new product ‘Solvent 3275’ to its basket of products.
In the nine months that ended December 31, 2024, the company also recorded the highest-ever sales volume of 37.12 MMT (including exports) registering a growth of 7.6% as against 34.49 MMT a year ago.
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