ICICI Securities Ltd | Retail Equity Research Hindustan Petroleum Corporation's (HPCL) Q3FY18 results were above our estimates on the profitability front. The topline increased 16.1% QoQ to | 63076.2 crore (our estimate: | 68250.3 crore) HPCL achieved crude throughput of 4.5 MMT in Q3FY18, slightly above our estimates. GRMs were at US$9/bbl, above our expectation of US$7.7/bbl. Higher inventory gains of US$2.9/bbl mainly contributed to overall GRMs. On account of the same, EBITDA at...