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)
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Gold Silver Reports (GSR) – Stocks in Asia Retreat After Fed — Asian stocks tracked U.S. shares lower after the Federal Reserve said inflation is close to its target, without indicating any need to waver from its path of gradually tightening monetary policy. The dollar declined.