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The author is Correspondent, BW Businessworld
The miner experienced an enhanced demand for the thermal power sector which faced a shortage of fuel owing to sudden surge in electricity consumption. It sold nearly 154 million tonne of coal to the regulated sector during the April-June 2022 quarter
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Its consolidated net revenue also shot up 22.2 per cent year-on-year (YoY) to Rs 32,805 crore
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On a sequential basis, the profit was 4.7 percent higher against Rs 1,024 crore earned during the March quarter of FY22.
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During the quarter, HPCL and other state-owned fuel retailers Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (BPCL) did not revise petrol and diesel prices in line with rising costs to help the government contain runaway inflation
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Its revenue from operations grew 44.46 per cent at Rs 43,177.14 crore compared to Rs 29,888.02 crore in the same quarter last year
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Its total revenue from operations grew 8.32 per cent YoY to Rs 71,934 crore compared to Rs 66,406 crore in the corresponding quarter a year ago
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Its Net Interest Income (NII) for the quarter under review grew 48 per cent to Rs 6,638 crore from Rs 4,489 crore in the corresponding quarter last year
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The largest domestic car manufacturer increased its net sales by 50.52 per cent to Rs 25,286.3 crore compared to Rs 16,987 crore in the corresponding quarter a year ago
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Its consolidated revenues in the quarter under review jumped 22 per cent YoY to Rs 35,853 crore due to strong execution in infrastructure segment and sustained growth momentum in the IT&TS portfolio
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Its revenue from operations increased by 43% YoY to Rs 14,495.48 crore compared to Rs 10,132 crore in the corresponding quarter a year ago
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