Geopolitical concerns heightened after Iran said it will strike US bases in the Middle East if nuclear talks fail and conflict arises with Washington
HPCL
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)