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HPCL Q4 net dips 85.16 percent

New Delhi, May 26 (IANS) State-run Hindustan Petroleum Corp Ltd (HPCL) Wednesday said its net profit plummeted 85.16 percent to Rs.757.53 crore during January-March quarter from Rs 5,104.04 crore in the corresponding quarter a year ago.

The company’s total income, however, increased by 24.2 percent to Rs.31,766.32 crore for the quarter ended March 2010 from Rs.25,577.63 crore in the year-ago period.

The oil marketing company’s net profit stood at Rs.1,301.37 crore for the year ended March 2010 as against Rs.574.98 crore in previous fiscal, a whopping increase of 126.33 percent.

Its total Income, however, declined 13.03 percent from Rs.125,658.20 crore in 2008-09 to Rs.109,283.62 crore in 2009-10.

The Group posted a profit after tax of Rs.1,475.29 crore for 2009-10 against Rs.757.39 crore in previous financial year, registering a growth of 94.8 percent.

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