Business

HPCL returns to profit

  • HT Correspondent, Hindustan Times, New Delhi
  • |
  • Updated: Nov 09, 2012 10:02 IST

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.

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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