Hindustan Oil Exploration Company consolidated net profit declines 33.79% in the March 2024 quarter

Sales rise 65.41% to Rs 289.61 crore

Net profit of Hindustan Oil Exploration Company declined 33.79% to Rs 70.61 crore in the quarter ended March 2024 as against Rs 106.65 crore during the previous quarter ended March 2023. Sales rose 65.41% to Rs 289.61 crore in the quarter ended March 2024 as against Rs 175.09 crore during the previous quarter ended March 2023.

For the full year,net profit rose 16.69% to Rs 226.43 crore in the year ended March 2024 as against Rs 194.05 crore during the previous year ended March 2023. Sales rose 34.03% to Rs 749.13 crore in the year ended March 2024 as against Rs 558.92 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales289.61175.09 65 749.13558.92 34 OPM %25.7877.37 -41.1055.85 - PBDT72.60132.68 -45 295.44283.21 4 PBT52.33110.12 -52 215.42209.51 3 NP70.61106.65 -34 226.43194.05 17

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