Hindustan Petroleum Corporation’s Q2 consolidated net profit falls 98%

Ace News

25th Oct 2024

Hindustan Petroleum Corporation has reported results for second quarter ended September 30, 2024 (Q2FY25).

The company has reported 87.67% fall in its net profit at Rs 631.18 crore for the quarter ended September 30, 2024 as compared to Rs 5118.16 crore for the same quarter in the previous year. However, total income of the company increased by 5.66% at Rs 108791.33 crore for Q2FY25 as compared to Rs 102962.90 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 97.55% fall in net profit at Rs 142.67 crore for Q2FY25 as compared to Rs 5826.96 crore for the same quarter in the previous year. However, total income of the company increased by 5.59% at Rs 108773.93 crore for Q2FY25 as compared to Rs 103010.71 crore for the corresponding quarter previous year.