17 Jul 2019 | 6:53 AM

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Hind. Oil Explor Q3 net profit zooms 170.47% at Rs 34.81 cr
  Hindustan Oil Exploration Company Ltd. | 16 Jul 2019 | 04:01 PM
Published on 01-19-2019
The company reported standalone net profit of Rs 34.81 crore for the quarter ended December 31 2018 as compared to Rs 12.87 crore in the same period last year registering a year-on-year growth of 170.47 per cent.


Net revenue of the company rose three fold by 394.31 per cent at Rs 66.04 crore in October-December quarter of this fiscal as against Rs 13.36 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 4756.52 per cent to Rs 22.34 crore from Rs 0.46 crore in year ago period.


Other Income grew by 109.16 per cent at Rs 2.74 crore versus (Dec`17 Rs 1.31 crore).


Operating Profit surged by 238.76 per cent to Rs 43.70 crore as against Rs 12.90 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 31.46 per cent in December quarter.


Interest grew by 4.96 per cent y-o-y to Rs 1.27 crore