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HPCL Share Price Down by 0.25% in Early Trading on December 31, 2024

Updated on: Dec 31, 2024, 4:06 PM IST
HPCL share price opened at ₹405.80 on December 31, 2024, matching its previous close. By 10:08 AM, the price decreased to ₹404.80, down 0.25%.
HPCL Share Price Down by 0.25% in Early Trading on December 31, 2024
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Hindustan Petroleum Corporation Limited (HPCL) has been in focus on Tuesday. On December 31, 2024, HPCL share price (NSE: HINDPETRO) opened at ₹405.80, the same as its previous close of ₹405.80. At 10:08 AM, the share price of Hindustan Petroleum Corporation was trading at ₹404.80, down by 0.25% on the NSE.

Recent Developments

On December 30, 2024, Tiger Logistics (India) Limited informed the stock exchanges that it had been empanelled by Hindustan Petroleum Corporation Limited, marking a significant achievement in its global logistics services.

The empanelment allows Tiger Logistics to offer comprehensive air and sea freight solutions, along with clearing and forwarding services, to support HPCL’s critical freight and customs operations. The agreement includes a financial limit of ₹546 lakh and a validity period of three years, with a renewal option based on service excellence. This partnership strengthens Tiger Logistics’ position as a trusted logistics provider.

Q2 FY 2025 Financial Highlights

HPCL reported a Standalone Revenue from Operations of ₹1,08,216 crore for Q2 FY25, an increase from ₹1,02,618 crore in Q2 FY24. However, the Standalone Profit after Tax (PAT) for the quarter significantly dropped to ₹631 crore, compared to ₹5,118 crore in Q2 FY24. The Consolidated PAT also fell to ₹143 crore, down from ₹5,827 crore in the same quarter last year.

About Hindustan Petroleum Corporation Ltd

Hindustan Petroleum Corporation Ltd is primarily involved in the business of refining crude oil and marketing petroleum products, the production of hydrocarbons. The company also provides services for the management of E&P Blocks.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Dec 31, 2024, 10:25 AM IST

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