Hindustan Petroleum Corporation Ltd (HPCL) gained around Rs 248 crore from the exchange rate fluctuation during the fourth quarter, says its chairman and managing director M K Surana in an interview with Swati Khandelwal. Surana also added that sanction on Iran will not have a major impact on their crude supplies.
Profit after tax jumped over 70% on a sequential basis and margins rose too. What led to this performance?
Better throughputs, marketing volumes, operational efficiency and inventory helped us in getting better margins. In addition, the exchange rate fluctuations remained positive in this quarter. Read More