HPCL reported a sharp 1,128% year-on-year rise in Q1 standalone net profit to ₹4,371 crore, driven by strong refinery throughput and operational efficiency, despite marginally lower revenues and weaker refining margins.
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.
The OFS opened for non-retail investors on August 4, and saw strong participation. It now opens for retail investors today. Investors can participate between 9.15
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