Annual Report 2011-2012 of Hindustan Petroleum Corporation Limited

It is a broadly described annual report of Hindustan Petroleum Corporation Limited in the year of 2011-2012. The Company has contributed a sum of Rs. 31,300.53 Crores to the exchequer by way of duties and taxes, as compared to Rs. 28,864.15 Crores in 2010-11. During the financial year, Total assets of the Company stood at Rs. 71,107.35 Crore. During the year ended 31^st March 2012, The Company has achieved sales/income from operations of Rs. 1,88,130.95 Crores as compared to Rs. 1,42,396.49 Crores in 2010-11. The Company has earned the gross profit of Rs. 5,071.40 Crores as against Rs. 4,636.75 Crores in 2010-11 and profit after tax of Rs. 911.43 Crores as compared to Rs. 1,539.01 Crores in 2010-11. Earnings per share (EPS) of the Company for the year (Basic & Diluted) Rs. 45.45.

The Board of Directors of the Company has recommended the dividend of Rs. 8.50 per share for the year 2011-12 as against Rs. 14 per share paid for the year 2010-11. The dividend for 2011-12, including dividend tax provision will absorb Rs. 334.53 Crores (2010-11: Rs. 550.99 Crores).

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