Annual Report 2013-2014 of Hindustan Petroleum Corporation Limited

It is a broadly described annual report of Hindustan Petroleum Corporation Limited in the year of 2013-2014. The Company has contributed a sum of Rs. 36,423.47 Crores to the exchequer by way of duties and taxes, as compared to Rs. 32,173.50 Crores in 2012-13. During the financial year, Total assets of the Company stood at Rs. 77,578.09 Crore. During the year ended 31^st March 2014, The Company has achieved sales/income from operations of Rs. 2,32,188.35 Crores as compared to Rs. 2,15,666.45 Crores in 2012-13. The Company has earned the gross profit of Rs. 6,140.31 Crores as against Rs. 4,821.78 Crores in 2012-13 and profit after tax of Rs. 1,733.77 Crores as compared to Rs. 904.71 Crores in 2012-13. Earnings per share (EPS) of the Company for the year (Basic & Diluted) Rs. 51.20.

The Board of Directors of the Company has recommended the dividend of Rs. 15.50 per share for the year 2013-14 as against Rs. 8.50 per share paid for the year 2012-13. The dividend for 2013-14, including dividend tax provision will absorb Rs. 614.07 Crores (2012-13: Rs. 336.75 Crores).

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