Hindustan Petroleum Corporation Limited announced unaudited standalone earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported sales/income from operations of INR 598,912.7 million against INR 515,995.2 million a year ago. Total income was INR 605,452.5 million against INR 519,363.0 million a year ago. Profit before exceptional items and tax was INR 13,883.0 million against INR 31,517.7 million a year ago. Profit before tax was INR 13,883.0 million against INR 31,517.7 million a year ago. Net profit for the period was INR 9,247.5 million or INR 9.10 basic and diluted per share against INR 20,983.8 million or INR 20.66 basic and diluted per share a year ago. There is fall of 56% in its profit as compared with the year-ago period, mostly because of inventory loss due to fall in crude prices.

The company provided capital expenditure guidance for the fiscal 2018. The company has a capital expenditure plan of INR 71,000 million for the financial year 2017-18.