Hindustan Petroleum Corporation (HPCL) has announced a substantial increase in its net profit for the quarter ending in December. The company reported a tripled year-on-year net profit of Rs 529 crore ($71 million), showcasing its strong performance in the market. However, despite the impressive YoY growth, HPCL experienced a significant decline of nearly 90% in net profit sequentially.
While the net profit displayed a mixed trend, the revenue from operations displayed a moderate 2% YoY growth, amounting to Rs 1.11 lakh crore ($15 billion). On a sequential basis, the revenue grew by more than 16%, indicating a positive trajectory for the company.
Following the announcement of the Q3 earnings, HPCL’s stock witnessed a decline of over 6.5%, reaching Rs 422 ($5.69) on the Bombay Stock Exchange (BSE). The decline could be attributed to various market factors and investor sentiments.
To reward shareholders, the HPCL board has recommended an interim dividend of Rs 15 per share. The record date to determine the eligible shareholders for the dividend is set for February 7, with the dividend expected to be paid on or before February 23.
In terms of expenses, including excise duty and finance cost, HPCL experienced an increase. Total expenses rose to Rs 1.18 lakh crore ($15.8 billion) compared to Rs 1.16 lakh crore ($15.6 billion) the previous year and Rs 96,221 crore ($12.9 billion) in the previous quarter.
HPCL’s Q3 performance and its decision to reward shareholders with an interim dividend demonstrate the company’s commitment to delivering value to its investors. As the market dynamics continue to evolve, it will be interesting to observe how HPCL adapts and capitalizes on emerging opportunities.
(Note: This article is a creative divergence from the original content and does not reflect real-time information about HPCL’s financial performance.)
An FAQ section based on the main topics and information presented in the article:
1. What are the financial highlights of Hindustan Petroleum Corporation’s (HPCL) Q3 performance?
HPCL reported a tripled year-on-year net profit of Rs 529 crore ($71 million), but experienced a significant decline of nearly 90% in net profit sequentially. The company’s revenue from operations displayed a moderate 2% YoY growth, amounting to Rs 1.11 lakh crore ($15 billion).
2. Why did HPCL’s stock witness a decline after the Q3 earnings announcement?
HPCL’s stock declined over 6.5% on the Bombay Stock Exchange (BSE) after the Q3 earnings announcement. The decline could be attributed to various market factors and investor sentiments.
3. What dividend has HPCL recommended for its shareholders?
To reward shareholders, the HPCL board has recommended an interim dividend of Rs 15 per share. The record date to determine the eligible shareholders for the dividend is set for February 7, with the dividend expected to be paid on or before February 23.
4. How did HPCL’s expenses change in Q3?
HPCL’s total expenses rose to Rs 1.18 lakh crore ($15.8 billion) compared to Rs 1.16 lakh crore ($15.6 billion) the previous year and Rs 96,221 crore ($12.9 billion) in the previous quarter. This increase in expenses includes excise duty and finance cost.
Definitions for key terms or jargon used within the article:
1. Net profit: The amount of money a company has left over after deducting all expenses from its revenue.
2. Year-on-year (YoY): A comparison of financial indicators or performance over the same period of time during different years.
3. Sequentially: Refers to the comparison of financial indicators or performance over consecutive periods, such as quarters or months.
4. Revenue from operations: The income generated by a company’s core business activities, excluding other sources of revenue like investments or asset sales.
5. Bombay Stock Exchange (BSE): The primary stock exchange in India where stocks and other securities are traded.
6. Excise duty: A tax levied by the government on the production, sale, or use of certain goods or services.
7. Finance cost: The expenses associated with borrowing funds or obtaining financing for a business.
Suggested related links:
1. Hindustan Petroleum Corporation Ltd – Official website of Hindustan Petroleum Corporation for more information about the company and its operations.
2. Bombay Stock Exchange – The official website of the Bombay Stock Exchange for updates and information on stocks and securities trading in India.