HPCL Q2FY18 PAT jumps 88 per cent sequentially
Hindustan Petroleum Corporation Limited reported a good set of numbers for the quarter ended September 30, 2017.
Total sales for this quarter, Q2FY18, came in at Rs. 54,335.8 crore. This represents a 9.4 per cent sequential decline and 13.6 per cent YoY increase.
EBITDA for the quarter amounted to Rs. 2,905.6 crore and the margins stood at 5.3 per cent. It reported PAT of Rs. 1,734.7 crore which represents a sequential QoQ increase of 87.6 per cent and a YoY increase of 147.4 per cent.
Average gross refinery margin during H1FY18 came in at US$ 6.75 per barrel as against US$ 5.12 per barrel for the corresponding period of previous year.
On Thursday, the stock opened at Rs. 441.9 per share on BSE and touched an intraday low of Rs. 424.