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HPCL reports 31% rise in Q4 net profit

Hindustan Petroleum Corporation (HPCL) has reported results for fourth quarter and year ended March 31, 2017.

The company has reported a rise of 31.05% in its net profit at Rs 1818.79 crore for the quarter ended March 31, 2017 as compared to Rs 1387.91 crore for the same quarter in the previous year. Total income from operations of the company increased by 21.71% at Rs 59183.49 crore for quarter under review as compared to Rs 48625.27 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a jump of 66.63% in its net profit at Rs 6208.80 crore as compared to Rs 3726.16 crore in FY16. Total income of company increased by 8.26% at Rs 215317.71 crore for year under review as compared to Rs 198887.99 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted a jump of 76.18% in its net profit at Rs 8235.82 crore as compared to Rs 4674.69 crore in the previous year. Total income of the company increased by 8.35% at Rs 215673.04 crore for year under review as compared to Rs 199046.94 crore for the year ended March 31, 2016.

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