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Hindustan Petroleum net profit surges in fiscal Q1'18

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Hindustan Petroleum net profit surges in fiscal Q1'18

Hindustan Petroleum Corp. Ltd. reported a fiscal first-quarter net income of 17.19 billion Indian rupees, up from 9.24 billion rupees reported for the first quarter of fiscal 2017.

The Mumbai, India-based refining and marketing company reported total revenue of 732.19 billion rupees, climbing from 599.96 billion rupees in the corresponding period in 2017.

Hindustan operates as a subsidiary of Oil and Natural Gas Corp. Ltd.

As of Aug. 7, US$1 was equivalent to 68.64 Indian rupees