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After subdued Q4FY20, all eyes on recovery in FY21 for HPCL

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net profit of ₹27 crore, a sharp 99% decline from the year-ago period. But that shouldn’t come as a surprise for investors considering the covid-19 led demand disruptions during the quarter."Adjusted for tax reversal and prior period taxes, HPCL’s net loss came in at ₹1,380 crore versus our estimate of an ₹1,840 crore loss," wrote analysts from Nomura Financial Advisory and Securities (India) Pvt.

Ltd in a report on 16 June.HPCL like its larger peer, Bharat Petroleum Corp. Ltd (BPCL), saw massive inventory losses during the quarter.

It’s worth noting that HPCL was able to report better core gross refining margin (GRM) compared with BPCL. According to analysts’ estimates, adjusting for inventory loss, HPCL’s core GRM for the March quarter.

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state New Jersey
COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
Scots couple die days apart from cancer as son pays tribute
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'Mr. & Mrs. Smith' Renewed for Season 2, Major Cast Change Anticipated as 2 Stars Reportedly Exit
'The Summer I Turned Pretty' Season 3 Update: Release Date, Episode Count & Presumed Cast List Revealed!
Supreme Court denies California’s appeal for immunity for COVID-19 deaths at San Quentin prison
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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