HPCL Shares Jump Nearly 5% After Q3 Earnings Report

In a remarkable financial turnaround, Hindustan Petroleum Corporation Ltd (HPCL) has reported a significant surge in its net profit for the third quarter of FY25. The company's shares climbed nearly 5% following the announcement, highlighting investor confidence in its performance.

Financial Highlights

Consolidated net profit for the quarter ending December 2024 stood at an impressive Rs 2,543.65 crore, a substantial increase from Rs 712.84 crore in the same period last year. This marks a more than threefold rise in net profit, showcasing the company's robust growth trajectory.

Moreover, the pre-tax earnings from the downstream fuel retailing business witnessed a significant jump to Rs 4,566.07 crore, up from Rs 981.02 crore a year earlier. Despite the volatile market conditions, HPCL's income from operations remained stable at Rs 1.18 lakh crore, indicating the company's resilience and strategic adaptability.

Market Reaction

The stock market responded positively to HPCL's financial achievements, with shares surging 4.91% to Rs 380 on the BSE and 4.92% to Rs 379.95 at the NSE. This uptick reflects the market's optimistic outlook towards HPCL's future performance and its ability to sustain growth amidst challenges.