Mumbai: State-run Hindustan Petroleum Corporation Ltd (HPCL) has posted a 31% increase in fourth-quarter net profit, beating Street expectations. A Bloomberg poll of 25 brokers had estimated net profit at Rs 1,173.60 crore while net sales were estimated at Rs 51,228.80 crore by 23 brokers. Net profit rose to Rs 1,819 crore in the quarter ended March 31, from Rs 1,388 crore during year-earlier quarter on strong growth in revenue, the oil marketing company said in a press statement. Operating profit or earnings before interest, tax, depreciation and amortisation (Ebitda) fell marginally to Rs 2,886 crore, from Rs 2,803 crore in the year-ago quarter. Revenue rose 21.7% to Rs 59,183.49 crore from Rs 48,625.27 a year earlier.
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more-inDiversified conglomerate ITC Ltd's standalone net profit rose 12.1% to to ₹2,669.5 crore in the fourth quarter ended March profit compared to the same period the previous fiscal year. The company's FMCG-other segment revenue increased, with most businesses improving their market standing according to the statement. ITC closed 2016-17 with a 9.4 % increase in post-tax profit to ₹10,200.9 crore on the back of a 6.3 % rise in operational income to ₹55,448.5 crore. The revenue growth, after severe disruption in the third quarter operations, was driven mainly by agri-commodities, branded packaged foods and personal care business as well cigarettes. Revenue from operations stood at ₹15,008.8 crore against ₹14,138.7 crore.
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ITC Q4 results 2017: ITC Q4 net profit rises 12% to Rs 2,669.47 crore
Get instant notifications from Economic TimesAllowNot nowYou can switch off notifications anytime using browser settings. Never miss a great news story!more-inDiversified conglomerate ITC Ltd's standalone net profit rose 12.1% to to ₹2,669.5 crore in the fourth quarter ended March profit compared to the same period the previous fiscal year. The company's FMCG-other segment revenue increased, with most businesses improving their market standing according to the statement. ITC closed 2016-17 with a 9.4 % increase in post-tax profit to ₹10,200.9 crore on the back of a 6.3 % rise in operational income to ₹55,448.5 crore. The revenue growth, after severe disruption in the third quarter operations, was driven mainly by agri-commodities, branded packaged foods and personal care business as well cigarettes. Revenue from operations stood at ₹15,008.8 crore against ₹14,138.7 crore.
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collected by :Jack Luxor
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