Hindustan Petroleum Corporation Limited (HPCL) reported a net profit of ₹3,023 crore for the third quarter ending December 31, 2024, marking a 378.9% increase from ₹631 crore in the same period last year. This result surpassed analysts' expectations, which had forecasted a profit of ₹2,945 crore. The company's revenue also grew by 10.6% to ₹110,505.4 crore compared to ₹99,925.9 crore a year earlier. Despite this positive performance, HPCL's shares rose by 4.9% to an intraday high of ₹380 per share following the announcement. In broader market movements, the BSE Sensex closed down 329.92 points, or 0.49%, at 76,190.46, while the Nifty 50 fell by 113.15 points, or 0.49%, to finish at 23,092.20.