HPCL Slumps After March Quarter Earnings

Gold Silver Reports (GSR) – HPCL Slumps After March Quarter Earnings – Shares of the state-run oil refiner fell 6 percent to Rs 292 after its profit declined in March quarter.

Key earnings highlights:

📍 Revenue up 6 percent at Rs 60,810 crore

📍 Net profit down 10 percent at Rs 1,748 crore

📍 EBITDA down 8 percent at Rs 2,923 crore

📍 Margin at 4.8 percent

📍 FY18 GRM at $7.40/barrel versus $6.20/barrel (YoY)   

Read More →

Deccan Gold Mines Share Price Surges On Getting Back Mine In Karnataka

Gold Mines Share Price

Gold Silver Reports (GSR) – Deccan Gold Mines Surges On Getting Back Mine In Karnataka – Shares of the Bengaluru-based gold mining exploration company surged as much as 20 percent, the most since April 23, to Rs 62 after it won a case in Supreme Court. The apex court has set aside a Karnataka High Court order which granted the state permission to set aside Hutti gold mines in the northern part of the state for state -owned miner.

Read More →