Q1 FY25 Results for HPCL: Hindustan Petroleum Corporation Ltd (HPCL), a state-owned oil marketing company (OMC), reported a sequential decline in its standalone net profit for the April–June period, which was far worse than predicted by analysts. These are the main conclusions to be drawn from HPCL’s first-quarter financial performance for the current fiscal year.
Q1 FY25 Results for HPCL: Hindustan Petroleum Corporation Ltd. (HPCL), the state-owned oil marketing company (OMC), announced a standalone net profit of Rs 355.8 crore for the quarter that ended on June 30 on Monday. This represented a sequential decline of 87.5% and fell short of expert forecasts. These are the main conclusions to be drawn from HPCL’s first-quarter financial performance for the current fiscal year.
1/7 Results for HPCL’s Q1 FY25: Revenue drops by 0.5% from Q4 FY24
HPCL Q1 FY25 Results Net Profit Plummets
According to a regulatory filing, the oil marketing PSU’s income decreased by 0.5% on a quarter-over-quarter basis to Rs 1,20,358.6 crore.
stock24news study estimates that HPCL’s sales was Rs 1,15,077 crore and its net profit for the June quarter was Rs 1,275 crore.
2/7 Results for HPCL’s Q1 FY25 | Gross refining margin at $5.03 per barrel
For the three-month period, HPCL reported a gross refining margin (GRM) of $5.03 per barrel, which is a crucial indicator of profitability for businesses involved in oil refining.
According to the OMC, its GRM was $7.44 per barrel a year ago.
The PSU’s GRM for the fiscal year 2023–2024 was $9.08 per barrel.
3/7 Results for HPCL Q1 FY25 | What Affected GRM?, HPCL Q1 FY25 Results Net Profit Plummets
According to HPCL, “lower cracks in line with the trend of international product cracks” are the main cause of the decline in GRMs.
4/7 Results for HPCL Q1 FY25 | What Affected Profitability?
According to HPCL, lower refining margins and depressed marketing margins on some petroleum products are the primary causes of the decline in its PAT.
5/7 HPCL Q1 FY25 Results | OMC invests Rs 2,017 crore to improve its marketing and refining infrastructure
In order to improve its refining and marketing infrastructure, HPCL revealed that it invested Rs. 2,017 crore in the June quarter. This amount included equity investments in joint ventures and subsidiary businesses.
6/7 Results for HPCL Q1 FY25 | Sales volume records
For the April–June quarter, HPCL recorded its highest-ever sales volume in a quarter of 12.63 MMT (including exports), up 6.6% from the same period last year.
7/7 Results for HPCL Q1 FY25 | 25 bps increase in market share
According to HPCL, among PSUs that market oil, it increased its market share by 0.25 percentage points (25 bps) in the quarter.
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