Hindustan Petroleum Corporation Ltd (HPCL) reported a stronger-than-expected performance for the July – September quarter, with net profit at ₹ 3,380 crore, surpassing the CNBC-TV18 poll estimate of ₹ 3,040 crore, though 12.4% lower than ₹ 3,830 crore in the preceding quarter.

Revenue for the quarter stood at ₹ 1.01 lakh crore, broadly in line with expectations but down 9% quarter-on-quarter from ₹ 1.11 lakh crore.

EBITDA came in at ₹ 6,891 crore, ahead of the Street estimate of ₹ 5,911 crore but lower than ₹ 7,601 crore in the June quarter.

Operating margins were 6.8%, higher than the 5.8% projected by the Street but slightly below 6.9% sequentially.

The Board of Directors declared an interim dividend of ₹ 5 per share (50% of face value) for FY

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