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HPCL reports a decline in profit
Aug. 8, 2019

HPCL reports a decline in profit

The third-largest fuel retailer of India, HPCL has reported a substantial drop in the first quarter's profit. The company has informed 53% slump in net profit, at Rs 811 crore due to lower refining margins. "During April- June 2018, loss of Rs 537.73 crores on account of foreign currency transactions and translations was Included in Other Expenses," said HPCL. The crude throughput of the company reduced to 3.92 Million Tonne.

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