Business

HPCl reports 31% jump in Q4 net profit

PNS

Fuel retailer Hindustan Petroleum Corp ltd (HPCl) on Friday, posted 31 per cent jump in the March quarter net profit on higher refining margins and inventory gains. The State-owned oil firm also announced a bonus issue of one equity share of Rs10 each for every two equity shares held. In 2016-17, the company had in 2016-17 issued bonus shares in the ratio of 2:1.