HPCL's September Quarter Net Profit Up 7.2% At Rs 1,923 Crore

Hindustan Petroleum Corporation Limited (HPCL) reported a 7.2 per cent rise in its present fiscal's second quarter standalone web revenue, which stood at Rs 1,923 crore, towards June quarter's revenue of Rs 1,795 crore.The state-owned refiner's complete revenue was up 12.94 per cent at Rs 88,049.79 crore within the September quarter of the present fiscal, towards Rs 77,957.51 crore of June quarter.Its earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA) although had been down 5.6 per cent at Rs 3,012.2 crore from Rs 3,191.4 crore within the earlier quarter. Its margin was down at 3.6 % towards 4.4 %, quarter-on-quarter.Gross refining margin — which is earned by an organization by changing one barrel of crude into gasoline —stood at a mean of $2.87 a barrel between April-September 2021 in contrast with $2.58 of the 12 months in the past interval.HPCL's gross sales volumes rose 4 per cent quarter-on-quarter to eight.79 million metric tonnes, supported by greater demand for petroleum merchandise after pandemic-related restrictions had been eased.