Fri, May 26, 2017
HPCL posted net profit of Rs 1,818.79 crore, a rise of 31.04% from Rs 1,387.91 crore in the corresponding period of the previous year. Q4FY17 net profit also increased by 9.77% from Rs 1,656.81 crore in the preceding quarter.
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Performance of oil companies in Q4, is expected to revolve around the strengthening of crude prices and decline in Singapore complex GRM that took place during January – March 2017 period.
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