ICICI Securities Ltd | Retail Equity Research Hindustan Petroleum Corporation's (HPCL) Q4FY18 results were above our estimates on the profitability front mainly on account of a better operational performance. The topline increased 5.7% QoQ to | 66641 crore (our estimate: | 67847.7 crore) HPCL achieved crude throughput of 4.6 MMT in Q4FY18, slightly above our estimates. GRMs were strong at US$7.1/bbl above our expectation of US$6.5/bbl. Inventory gains during the quarter came...