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This article is more than 3 year old.

Hindustan Petroleum Corp Ltd. fourth-quarter profit falls nearly 4%

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State-owned refiner Hindustan Petroleum Corp Ltd on Tuesday posted a nearly 4% fall in fourth-quarter net profit, hurt by higher expenses.

Hindustan Petroleum Corp Ltd. fourth-quarter profit falls nearly 4%
State-owned refiner Hindustan Petroleum Corp Ltd on Tuesday posted a nearly 4% fall in fourth-quarter net profit, hurt by higher expenses.
Net profit was 17.48 billion rupees ($257.04 million) in the three months ended March 31, compared with 18.19 billion rupees a year earlier, the company said on Tuesday.
That compares with the 17.59 billion rupees average estimate of 21 analysts, Thomson Reuters data showed.
Total expenses rose 13.8% to 646.21 billion rupees, while income from operations rose 13 percent to 663.51 billion rupees.
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