HPCL shares hit 52-week high as net profit jumps by 28% to Rs 8,781 cr in Q4


LAST UPDATED: May 21, 2021, 12:13 p.m.

New Delhi (Anish Yande): Shares of Hindustan Petroleum Corporation Ltd rose to a 52-week high on Friday’s trading session as the oil retailer company’s announced its results for the March quarter of FY21.

HPCL’s share opened at Rs 282 per share from its previous close of Rs 266.40 per share on Monday. The shares of the oil retailer company rose to an intraday high and a 52-week high of Rs 288.30 per share.

Hindustan Petroleum Corporation Ltd net profit surges 28 percent:

Hindustan Petroleum Corporation Ltd recorded a standalone profit of Rs 2,345.6 crore in the December 2020 quarter. The oil retailer’s standalone net profit rose to Rs 3,018 crore in the fourth quarter ended March 2021. The standalone profit grew by 28.2 percent on a sequential basis.

For the full year FY21, Hindustan Petroleum Corporation Ltd’s standalone net profit rose to Rs 10,663.88 crore. The standalone profit was at Rs 2,637.26 crore in the previous year. The profit grew by 304.3 percent on a standalone basis.

HPCL’s profit after tax was at Rs 27 crore in the January –March 2020 quarter that increased to a profit after tax of Rs 3,018 crore in Q4 FY21.

EBITDA of HPCL rises to Rs 4,666.4 crore:

Earnings before interest, tax, depreciation, and amortization inclined by  41.3 percent to Rs 4,666.4 crore as compared to the previous quarter. The EBITDA margin expanded 140 bps to 6.2 percent as compared to the previous quarter.

The revenue from operations for the March quarter of 2021 grew to Rs 85,203.55 crore by 10.1 percent on a sequential basis.

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Gross sales of the company were at Rs 71,268 crore in the quarter ended March 2020. The gross sales rose to Rs 84,905 crore in January-March 2021 quarter. The gross sales of HPCL in FY 2021 are recorded at Rs 2,69,243 crore as compared to Rs 2,86,250 crore during the previous year.

The board of directors of HPCL has recommended a final equity dividend of Rs 22.75 per share for the financial year 2020-21. 

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