Ways2Capital Reviews : HPCL Stock Drops After Q4FY18 PAT Declines

Hindustan Petroleum Corporation Ltd stock declined after the company reported Q4FY18 results in-line with the estimates. Net comparable revenue grew by 14.4% yoy to Rs66,350.88cr against Rs57,992.15cr in Q4FY17. EBITDA stood at Rs2,922.64cr, up 4% yoy against Rs2,811.02cr of Q4FY17. EBIDTA margin declined by ~45bps yoy to 4.4%.

The stock is currently trading at Rs291.60 down by Rs20.5 or 6.57% from its previous closing of Rs312.10 on the BSE.

The company’s net profit stood at Rs1,747.89cr with 3.9% yoy decline against Rs1,818.79cr last year in line with the estimates.

Average Gross Refining Margins during the year ended March 2018 were $7.4/bbl as against $6.2/bbl during the corresponding previous year.

The scrip opened at Rs304.10 and has touched a high and low of Rs310.30 and Rs290.25 respectively. 

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About Bhoomi Desai