HPCL share price gains 7% on Q2 results

HPCL share price gains 7% on Q2 results

Hindustan Petroleum Corporation (HPCL) share price rose 7 percent in the early trade on November 5, a day after the company's Q2FY21 standalone net profit more than doubled to Rs 2,477.4 crore against Rs 1,052.3 crore in the corresponding quarter a year ago.

Revenue, however, declined 14.9 percent YoY to Rs 51,773.3 crore for the quarter against Rs 60,868.4 crore in the previous year's same quarter.

The company's total expenses for the quarter stood at Rs 59,127.31 crore against Rs 65,237.24 crore YoY.