HPCL reports 6% decline in profit for Q2 amidst rising fuel prices
Hindustan Petroleum Corp has reported a 6% decline in consolidated net profit for the second quarter of FY27. The company returned to profitability in Q2 FY27 after suffering a significant loss in Q1 FY27. Revenue from product sales increased by 26% compared to the previous year's second quarter. Despite the quarterly revenue growth, losses were reported...
Key Takeaways
- Hindustan Petroleum Corp has reported a 6% decline in consolidated net profit for the second quarter of FY27.
- The company returned to profitability in Q2 FY27 after suffering a significant loss in Q1 FY27.
- Revenue from product sales increased by 26% compared to the previous year's second quarter.
Hindustan Petroleum Corp has reported a 6% decline in consolidated net profit for the second quarter of FY27. The company returned to profitability in Q2 FY27 after suffering a significant loss in Q1 FY27. Revenue from product sales increased by 26% compared to the previous year's second quarter. Despite the quarterly revenue growth, losses were reported for the first half of FY27 due to high crude oil prices.
Original Publisher Attribution
This summary was curated from Economic Times.