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HPCL back in black with Rs 5,827 crore net
![IndiaTimes]()
Tuesday, 7 November 2023
State-owned Hindustan Petroleum Corporation (HPCL) on Monday reported returning to profitability in the September quarter after a boost in marketing margin improved earnings. It logged a consolidated net profit of Rs 5,827 crore in the September quarter. In the year-ago period, the company had reported a loss of Rs 2,476 crore, it said in a stock exchange filing. The profit was aided by a boost in marketing margins as a freeze on petrol and diesel price revision despite a fall in input crude oil prices helped recover losses incurred when rates were high last year.
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Tuesday, 7 November 2023
