- HPCL’s 4Q net income was 28.4 billion rupees, which is a decrease of 12% from the previous year.
- The estimated net income was 29.58 billion rupees, indicating that the company missed the estimates.
- Revenue for the quarter was 1.21 trillion rupees, which is an increase of 6.1% from the previous year.
- This revenue surpassed the estimate of 1.1 trillion rupees.
- Total costs for the period were 1.19 trillion rupees, marking a 7.2% increase from the previous year.
- HPCL announced a dividend per share of 16.50 rupees.
- Hindustan Petroleum is set to give one free share for every two shares held by an investor.
- The record date for the bonus issue is June 21.
- The average Gross Refining Margin (GRM) during FY24 was $9.08 per barrel. This is less than the $12.09 per barrel experienced the previous year.
- The company’s shares fell by 3%, costing 507.40 rupees for every 5.14 million shares traded.
- The stock currently has 17 buy ratings, 4 hold ratings, and 12 sell ratings.
A look at Hindustan Petroleum Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Hindustan Petroleum shows a promising long-term outlook. With a strong Dividend score of 5 and Momentum score of 5, the company demonstrates stability and positive growth potential. Additionally, its Value and Growth scores of 4 indicate solid financial health and potential for future expansion. However, the Resilience score of 2 suggests some vulnerability to market fluctuations.
Hindustan Petroleum Corporation Limited, a company primarily involved in refining crude oil and producing various petroleum products, is well-positioned in the market. Its diverse product range, including lube products, aviation fuel, and liquefied petroleum gas, caters to a wide consumer base in India. With the Government of India as its majority shareholder, Hindustan Petroleum benefits from strong support and strategic backing, further enhancing its long-term prospects.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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