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HINDUSTAN PETROLEUM CORPORATION LTD. - 500104 - Compliances-Reg.24(A)-Annual Secretarial Compliance

Annual Secretarial Compliance Report for the Financial Year ended March 31, 2023
19-05-2023

Hold HPCL; target of Rs 270: Emkay Global Financial

Emkay Global Financial recommended hold rating on HPCL with a target price of Rs 270 in its research report dated May 15, 2023.
16-05-2023

Himachal to invest 50% equity in ethanol project at Una: CM Sukhu

The Himachal Pradesh government will invest 50 per cent equity in an ethanol plant to be established at Jeetpur Behri in Una district by HPCL at a cost of Rs 500 crore, Chief Minister Sukhvinder Singh Sukhu said. Full cooperation would be extended to Hindustan Petroleum Corporation Ltd(HPCL) for setting up the 30-acre plant, a statement quoted him as saying on Tuesday. He directed the district administration to start land acquisition for the approach road from Bhanjal within 10 days. The chief minister also directed the district administration to provide an additional 20-acre land for the plant on the request of the company. Sukhu said the plant would provide employment and self employment opportunities to the local people and farmers from Kangra, Hamirpur and Bilaspur. Neighbouring districts of Punjab would also benefit from the grain-based ethanol plant. The company has assured that it will take the chief minister's proposal to the board of directors.
16-05-2023

HPCL shares touch new 52-week high post Q4FY23 results. Should you buy it?

HPCL Q4FY23 Results: According to a company's stock exchange statement, the consolidated net profit for January-March was 3,608.32 crore as compared to 2,018.45 crore during the same period last year.
15-05-2023

Neutral HPCL; target of Rs 270: Motilal Oswal

Motilal Oswal recommended Neutral rating on HPCL with a target price of Rs 270 in its research report dated May 13, 2023.
15-05-2023
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Q4FY23 Quarterly & FY23 Annual Result Announced for Hindustan Petroleum Corporation Ltd.

Refineries/Petro-Products company Hindustan Petroleum Corporation announced Q4FY23 & FY23 results: Standalone Profit after Tax (PAT) of Rs 3,223 crore during Q4FY23 as compared to Rs 1,795 crore during Q4FY22, an increase of 80% The consolidated PAT during Q4FY23 was Rs 3,608 crore as compared to Rs 2,018 crore during Q4FY22 HPCL has reported Revenue from operations of Rs 1,14,445 crore for Q4FY23 registering growth of 8.7% over Q4FY22 of Rs 1,05,288 crore For FY23, the growth in Revenue from operations was 24.7% taking the same to the Highest Ever Revenue from Operations of Rs 4,66,192 crore as compared to Rs 3,73,897 crore during FY22 For FY23, exceptionally high international oil prices along with suppressed marketing margins on select Transport fuel, had severely impacted the profitability, resulting in a Net Loss of Rs 8,974 crore for FY23 as compared to Profit after Tax (PAT) of Rs 6,383 crore during the corresponding period of the previous year. On a consolidated basis, HPCL reported Net Loss of Rs 6,980 crore for FY23 as compared to a consolidated PAT of Rs 7,294 crore during the corresponding period of previous year. Average GRMs (Gross of export duty) for the period Q4FY23 were USD 14.01 per barrel (USD 12.44 per barrel during the corresponding period of previous year) Average GRMs for FY23 were USD 12.09 per barrel compared to USD 7.19 per barrel during FY22 Result PDF
15-05-2023
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