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HPCL reports 37% fall in Q2 net profit

Hindustan Petroleum Corporation (HPCL) has reported results for second quarter ended September 30, 2018.

The company has reported a fall of 37.05% in its net profit at Rs 1,091.98 crore for the quarter under review as compared to Rs 1,734.74 crore for the same quarter in the previous year. However, total income of the company increased by 34.52% at Rs 73,789.50 crore for Q2FY19 as compared Rs 54,855.19 crore for the corresponding quarter previous year.

HPCL is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.

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