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Hindustan Petroleum Corporation (HPCL), a subsidiary of Oil and Pure Fuel Corporation (ONGC), on Friday documented a 79% soar in web profit at Rs 3,608.32 crore on a consolidated foundation in the quarter ended March 31.
The organization had claimed a income of Rs 2,018.45 crore in the exact quarter previous fiscal (Q4 FY22) and Rs 444.26 crore in the earlier quarter of this fiscal (Q3 FY23).
HPCL’s whole cash flow rose to Rs 1,15,151.57 crore in Q4 FY23 from Rs 1,05,900.34 crore in the yr-back quarter.
Total tax cost improved from Rs 484.77 crore in Q4 FY22 to Rs 1,104.55 crore in Q4 FY23. Its share in financial gain (net of tax) of joint ventures and associates jumped from `561.88 crore in March quarter of FY22 to Rs 779.82 crore in January-March 2023.
For the complete fiscal 2022-23, the oil advertising firm posted a net decline of Rs 6,980.23 crore as compared to a revenue of `7,294.23 crore in FY22. Profits from the operations rose to Rs 4,67,964.52 crore, up 24% from prior fiscal. HPCL shares shut .93% larger at Rs 260.80 a piece on BSE. The general Sensex closed .20% hgfher on Friday.
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