'Standalone net sales (including other operating income) of Hindustan
Petroleum Corporation has increased 6.14% to Rs 1,14,556.87 crore. Operating profit margin has declined from
4.45% to 4.19%, leading to 0.11% rise in operating profit to Rs 4,803.76 crore. Raw material cost as a % of total sales (net
of stock adjustments) increased from 25.64% to 28.61%. Purchase of finished goods cost fell from
65.33% to 62.31%. Employee cost
increased from 0.73% to 0.77%. Other
expenses rose from 3.94% to 4.16%.
Average GRMs (Gross of export duty) for the period Jan-Mar 2024 were US$
6.95 per barrel (US$ 14.01 per barrel during the corresponding period of
previous year). The reduction in GRMs is in line with the trend of
international product cracks.
HPCL Refineries processed the highest ever crude...
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