Mumbai, Nov 10 State-run oil marketer Hindustan Petroleum Corp. Ltd. (HPCL) on Monday reported a loss of Rs.320.5 crore for the second quarter ended September 30, compared to a profit of Rs.850.2 crore in the corresponding quarter of last fiscal.
The company posted a profit of Rs.1,588 crore in the previous – first – quarter.
Revenue in the quarter in question declined 18.6 percent year-on-year to Rs.42,072 crore.
Operating loss stood at Rs.58 crore for the quarter against an operating profit of Rs.1,600 crore in the same period a year ago.
HPCL said its average gross refining margin during the six months period ended September 2015 stood at $5.45 a barrel against $2.09 in same quarter of the last fiscal.
The HPCL stock closed on Monday at Rs.793.85 a share, up 0.77 percent over its previous close on the Bombay Stock Exchange (BSE).
Ameya Sathaye
Ameya Sathaye is the Founder & Editor-in-Chief of SarkariTel.com and DiplomacyIndia.com with over 25 years of experience in journalism, public policy, diplomacy, governance, infrastructure and international affairs. He has represented India at major international conferences and has served as an international election observer in Uzbekistan.
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