HPCL Q4 Results: Oil marketing company (OMC) Hindustan Petroleum Corporation Limited (HPCL) on Tuesday, May 6, reported an 18% year-on-year growth in its standalone net profit for the January-March quarter of the financial year 2024-25 (Q4 FY25) to ₹3,355 crore. The figure stood at ₹2,843 crore in the corresponding quarter last fiscal.
The total income for the quarter under review stood at ₹1,19,126 crore, 2.7% lower than ₹1,22,386 crore posted in the March quarter of FY24.
However, the company added that it has a negative buffer of ₹10,894.53 crore on account of the difference in the market-determined price (MDP) of LPG cylinders and the effective cost to consumer (ECC) price. The Navratna PSU company said that MoPNG had asked OMCs to retain the difference in a separate buffer account for future adjustment. In the absence of authorisation from GOI, receivable and revenue to the extent of the negative buffer have not been recognised, HPCL said.