ONGC to acquire stake in UAE's ADNOC oil offshore concession

HPCL Q3FY18 net profit grows by 22.60% yoy at Rs 1,949.69 crore

HPCL Q3FY18 net profit grows by 22.60% yoy at Rs 1,949.69 crore

Standalone net profit rose to 50.15 billion rupees ($778.6 million) in the three months ended December 31, from 43.52 billion rupees a year earlier, the state-run company said in a statement.

The gas price realised during the third quarter was also higher at $2.89 per million British thermal unit as against $2.5 per mbtu in same quarter of 2016-17.

For nine months period of FY18, PAT of HPCL stood at Rs 4,609.18 crore, up by 4.99% year-on-year (YoY), while revenue amounts to Rs 176,875.78 crore, growing by 14.25% on yearly basis.

An HPCL statement said that the board has declared an interim dividend of ₹14.50 per equity share of face value of ₹ 10 each for the financial year 2017-2018.

More news: Russians Sent $$$ to Clinton Global Init Through Dossier Figure's Firm
More news: BJP demands dismissal of 4 officials including Pandian
More news: Laura Dahlmeier wins gold medal in women's 7.5-kilometer sprint

India's top explorer Oil and Natural Gas Corp Ltd reported a 15 percent rise in third-quarter profit on Friday, but missed analysts' expectations.

Net profit of Rs 1,950 crore in October-December 2017 was higher than Rs 1,590 crore in the same period of last fiscal.

"The increase in profit is because of a better refinery margin during the period on account of improved cracks and inventory gains", HPCL chairman and managing director Mukesh K Surana told reporters on Friday.

Recommended News

  • Idris Elba proposes to girlfriend at movie screening

    Idris Elba proposes to girlfriend at movie screening

    The pair have been dating since Elba filmed 2017's The Mountain Between Us . The impending marriage will be the third for Idris, and first for Sabrina.
    North Korean leader invites South Korea's Moon to visit Pyongyang

    North Korean leader invites South Korea's Moon to visit Pyongyang

    It turns out, the two impersonators were dressed as President Donald Trump and North Korea's leader Kim Jong-un. Security for anything involving the North Koreans has been exceptionally tight.
    Gerald Stanley found not guilty in 2016 death of Colten Boushie

    Gerald Stanley found not guilty in 2016 death of Colten Boushie

    Stanley walking alongside the vehicle, and that's an important piece of evidence..." said Chris Murphy , a Toronto-based lawyer. Jade Tootoosis , cousin of Colten Boushie , says the family will fight for an appeal. "Some people aren't going to be happy".
  • Comcast is making it really easy to gorge on the Winter Olympics

    Comcast is making it really easy to gorge on the Winter Olympics

    The experience will begin once a ride stars and can be accessed through a link to the NBC Olympics site via the Uber app. You can also join our Winter Olympics Fans Facebook group for extensive Olympics content and to talk with one another.
    Philippines president orders cancelation of $233mn helicopter take care of Canada

    Philippines president orders cancelation of $233mn helicopter take care of Canada

    Duterte said he could not stomach the persistent abuses that had pushed some Filipino migrant workers in Kuwait to commit suicide. Villar noted that Kuwait has a "different culture" that may have resulted to the maltreatment of Filipinas in their country.
    Egypt escalates army operations in Sinai

    Egypt escalates army operations in Sinai

    School closures and multiple checkpoints reflect the challenge security forces face in securing an area infiltrated by ISIL. The operation comes less than two months before presidential elections in Egypt set for March 26, according to Reuters .
  • Amitabh Bachchan was discharged from Lilavati hospital

    Amitabh Bachchan was discharged from Lilavati hospital

    On the professional front, Amitabh Bachchan and Rishi Kapoor starrer 102 Not Out teaser was released yesterday along with PadMan. While leaving the hospital after his check-up Amitabh Bachchan was seen resting in the back seat and hid his face with a cap.

    American Electric Power Company Inc (AEP) Shares Sold by Exane Derivatives

    It is positive, as 47 investors sold AEP shares while 241 reduced holdings. 114 funds opened positions while 708 raised stakes. ValuEngine downgraded American Electric Power from a "buy" rating to a "hold" rating in a report on Tuesday, December 26th.

    Revenue Growth Analysis of NIKE, Inc. (NKE)

    The institutional investor owned 41,021 shares of the footwear maker's stock after selling 7,160 shares during the quarter. It improved, as 45 investors sold IVZ shares while 151 reduced holdings. 17 funds opened positions while 43 raised stakes.
  • On paper, Russia's Olympic podium chances strong despite ban

    On paper, Russia's Olympic podium chances strong despite ban

    Russian Federation initially announced it would send a team of 169 athletes to the Games, not far off from its usual delegation. The court determined there was insufficient evidence that they had broken the rules.
    U.S.  stocks enter correction territory after plummeting second time in a week

    U.S. stocks enter correction territory after plummeting second time in a week

    Major indexes in Asia and Europe sank Tuesday and USA markets started sharply lower, zigzagging between gains and losses. Hopes that Wall Street won't repeat the scale of Monday's losses helped limit the selling during European trading hours.
    Pelosi holds Home ground for hours in protection of 'dreamers'

    Pelosi holds Home ground for hours in protection of 'dreamers'

    Ryan inched closer to that commitment Thursday, saying immigration would be the "next big priority" in the House. Its odds in the House are more challenging, where fiscal hawks have decried the deal for ballooning the deficit.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.