HPCL FY06 net at Rs 452.07 crore

Hindustan Petroleum Corporation (HPCL) has posted a 68% decline in consolidated net profit at Rs 452.07 crore for FY06 when compared with Rs 1415.64 crore for FY05.

According to an official release issued to the BSE today, total income (net of excise) has increased to Rs 75652.88 crore for FY06 from Rs 63404.81 crore in FY05.

Net profit on a quarter-on quarter basis, however, jumped more than three-fold to Rs 2,013.41 crore for Q4FY06 as compared to Rs 499.80 crore for Q4FY05. The total income increased 27% to Rs 21,016.89 crore for Q4FY06 from Rs 16,565.74 crore in Q4FY05, the release added.

The board has recommended a dividend of 30%, i.e. Rs 3 per share, the release added.