HPCl reports 31% jump in Q4 net profit

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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.       

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