HPCL returns to profit | business | Hindustan Times
Today in New Delhi, India
Jan 20, 2017-Friday
New Delhi
  • Humidity
  • Wind

HPCL returns to profit

business Updated: Nov 09, 2012 22:02 IST
HT Correspondent
HT Correspondent
Hindustan Times
Highlight Story

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.