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HindustanTimes Sat,19 Apr 2014

HPCL returns to profit

HT Correspondent, Hindustan Times  New Delhi, November 09, 2012
First Published: 22:00 IST(9/11/2012) | Last Updated: 22:02 IST(9/11/2012)

State-owned oil retailer Hindustan Petroleum Corp Ltd (HPCL) on Friday reported a net profit of Rs. 2,327 crore during the July-September quarter compared to a net loss of Rs. 3,364.5 crore during the corresponding period of the previous fiscal year as the refiner" gained from held-up subsidy payments.

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Net sales increased 30.9% at Rs. 48,464 crore during the quarter against Rs. 37,030 crore in the same quarter of the previous fiscal year.

Shares of the company fell by Rs. 5. 5, or 1.8%, to end at Rs. 302 on the Bombay Stock Exchange (BSE)on Friday.

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