16 Jul 2019 | 8:31 AM

News

COMPANYNEWS
Hind. Oil Explor Q4 net profit zooms 191.55% at Rs 47.96 cr
  Hindustan Oil Exploration Company Ltd. | 15 Jul 2019 | 03:42 PM
Published on 05-14-2019
The company reported standalone net profit of Rs 47.96 crore for the quarter ended March 31 2019 as compared to Rs 16.45 crore in the same period last year registering a year-on-year growth of 191.55 per cent.


Net revenue of the company rose two fold by 207.45 per cent at Rs 71.42 crore in January-March quarter of this fiscal as against Rs 23.23 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 41.14 per cent to Rs 19.04 crore from Rs 13.49 crore in year ago period.


Other Income grew by 53.78 per cent at Rs 3.66 crore versus (Mar`18 Rs 2.38 crore).


Operating Profit surged by 437.23 per cent to Rs 52.38 crore as against Rs 9.75 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 74.83 per cent in March quarter.


Interest declined by 8.37 per cent y-o-y to Rs -2.41 crore