Shares of state-run oil marketing company Hindustan Petroleum Corp jumped as much as 13 per cent on Friday after it reported a 31 per cent jump in March-quarter net profit on Friday, beating street estimates.
Net profit rose to Rs. 1,819 crore in the fourth quarter ended March, from Rs. 1,388 crore a year earlier, the company said in a statement.
Total income from operations climbed 21.7 per cent to Rs. 59,183 crore.
Analysts on average expected a profit of Rs. 1,217 crore for the quarter, according to Thomson Reuters data.
HPCL shares closed 11.55 per cent higher at Rs. 567.60 on Friday.