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HPCL Q1 Results: Profit Falls On Lower Sales, Missing Estimates

Net profit of the oil marketer fell 40.5% sequentially to Rs 1,795 crore in the quarter ended June

Sameer Bhardwaj

The Hindustan Petroleum Corp. logo is displayed at a gas station in New Delhi. (Photographer: Prashanth Vishwanathan/Bloomberg)

Hindustan Petroleum Corp.’s quarterly profit fell, missing estimates, as sales fell amid lower demand during the second wave of the pandemic.

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