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.