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Hindustan Petroleum Corporation (HPCL) has reported 56 percent year-on-year decline in net profit at Rs 924.75 crore for the quarter ended June 30, 2017 as compared to Rs 2,098.38 crore of corresponding quarter of last year.
The sales of the company stood at Rs 59,891.27 crore in the quarter under review which is up 16 percent year-on-year.
The gross refining margin stood at $5.86 per barrel during the quarter ended June 30, 2017 as against $6.83 per barrel during the corresponding period of last year.
During the quarter under review, the EBITDA decreased by 44.60 percent YoY to Rs 2114 as against Rs 3816.70 crore of the same period last year.
