INSUBCONTINENT EXCLUSIVE:
HPCL's net revenue experienced a small increase in the September quarter duration of present fiscalHindustan Petroleum Corporation Limited
(HPCL) reported a 7.2 per cent increase in its current fiscal's second quarter standalone net revenue, which stood at Rs 1,923 crore,
versus June quarter's profit of Rs 1,795 crore.The state-owned refiner's total income was up 12.94 per cent at Rs 88,049.79 crore in the
September quarter of the present fiscal, versus Rs 77,957.51 crore of June quarter.Its revenues before interest, tax, depreciation and
amortisation (EBITDA) though were down 5.6 per cent at Rs 3,012.2 crore from Rs 3,191.4 crore in the previous quarter
Its margin was down at 3.6 percent versus 4.4 percent, quarter-on-quarter
Gross refining margin-- which is earned by a business by transforming one barrel of crude into fuel-- stood at an average of $2.87 a barrel
between April-September 2021 compared to $2.58 of the year ago period.HPCL's sales volumes increased 4 per cent quarter-on-quarter to 8.79
million metric tonnes, supported by greater need for petroleum products after pandemic-related limitations were relieved
