HPCL fourth-quarter profit falls nearly 4 per cent
Net profit was 17.48 billion rupees in the three months ended March 31, compared with 18.19 billion rupees.
By : DC Correspondent
Update: 2018-05-23 03:00 GMT
State-owned refiner Hindustan Petroleum Corp Ltd on Tuesday posted a nearly 4 percent fall in fourth-quarter net profit, hurt by higher expenses.
Net profit was 17.48 billion rupees ($257.04 million) in the three months ended March 31, compared with 18.19 billion rupees a year earlier, the company said on Tuesday.
That compares with the 17.59 billion rupees average estimate of 21 analysts, Thomson Reuters data showed.
Total expenses rose 13.8 per cent to 646.21 billion rupees, while income from operations rose 13 per cent to 663.51 billion rupees.