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HPCL Q3 Results: PAT slumps 90% sequentially to Rs 529 crore; stock tanks 6%
HPCL Q3 Results: Hindustan Petroleum Corporation's net profit for Q3 tripled YoY to Rs 529 crore, but slumped by 90% sequentially. Revenue from operations rose 2% YoY to Rs 1.11 lakh crore, growing by 16% sequentially. The stock declined over 6.5% following the Q3 earnings presentation. The board recommended an interim dividend of Rs 15 a share.