Shares of Hindustan Petroleum Corp. Ltd. (HPCL) fell by 8% after reaching a day’s high of Rs 406 on 25th October.

The decline followed the firm’s report of a consolidated net profit of Rs 143 crore for the second quarter of FY25, reflecting a steep 97.5% year-over-year drop from Rs 5,827 crore in the same period last year.

Their net profit declined by 77.4% quarter over quarter, falling from Rs 634 crore in Q1 FY25 to Rs 143 crore in Q2 FY25.

The state-run oil retailer’s total income for Q2 FY25 remained stable at Rs 1.08 lakh crore, slightly up from Rs 1.03 lakh crore in Q2 FY24.

HPCL’s revenue decreased by 10.5% sequentially to Rs 99,926 crore, down from Rs 1.4 lakh crore in Q1 FY25.

The firm’s EBITDA grew 29.3% to Rs 2,724.4 crore, up from Rs 2,108 crore in the previous quarter. The EBITDA margin increased to 2.7% from 1.85% quarter-over-quarter.

HPCL’s net profit rose by 77% quarter-over-quarter to Rs 631 crore, up from Rs 356 crore.

At 2:59 PM, the shares of HPCL were trading 7.56% lower at Rs 374.15 on NSE.

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