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07-Nov-2023

Hindustan Petroleum Corporation

Average GRMs in Q2 was US$ 13.33 per barrel


'Consolidated net sales (including other operating income) of Hindustan Petroleum Corporation has declined 11.72% to Rs 95751.97 crore.  Operating profit margin (OPM) has turned from negative 1.40% to positive 8.61%. Operating profit for the quarter stood at Rs 8,240.01 crore compared to loss of Rs 1,514.70 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 29.27% to 30.90%.   Purchase of finished goods cost fell from 67.09% to 56.55%.   Employee cost increased from 0.70% to 0.81%.   Other expenses fell from 4.36% to 3.77%.  

Other income rose 21.85% to Rs 341.4 crore.  PBIDT stood at Rs 8,581.41 crore compared to loss of Rs 1234.53 crore.  Provision for interest fell 2.20% to Rs 590.05 crore. <...



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