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State-owned Hindustan Petroleum Corporation Ltd (HPCL) today reported 86 per cent jump in the June quarter net profit on higher refining capacity. Net profit of ₹ 1,719 crore, or ₹ 11.28 per share, in the April-June quarter of the current fiscal was 86 per cent higher than ₹ 925 crore clocked in the year-ago period, HPCL Chairman and Managing Director M K Surana told reporters here.
The firm earned $7.15 on turning every barrel of crude oil into fuel as compared to $5.86 per barrel gross refining margin a year ago, he said.
Its revenue rose to ₹ 72,923 crore in first quarter of 2018-19, from ₹ 59,891 crore a year ago.
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