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HPCL posts net loss of Rs3,218.92 cr for Q2

HPCL posts net loss of Rs3,218.92 cr for Q2
PTI
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First Published: Fri, Oct 31 2008. 04 58 PM IST
Updated: Fri, Oct 31 2008. 04 58 PM IST
Mumbai: Stat-run Hindustan Petroleum Corporation Ltd reported a net loss of Rs3,218.92 crore for the second quarter ended 30 September.
The oil marketing firm had a net profit of Rs853 crore in the September quarter last fiscal, HPCL said in a filing to the Bombay Stock Exchange (BSE).
The net sales rose 46.33% to Rs35,462.22 crore for the quarter under review, from that of Rs24,234.44 crore in the corresponding period last fiscal.
For the half year ended 30 September, the company reported a net loss of Rs4,107.04 crore. The firm had a net profit of Rs766.10 crore in the year-ago period.
The company’s net sales rose to Rs70,211.54 crore during the first half of current fiscal from Rs46,116.14 crore in the year-ago period.
Shares of HPCL closed at Rs190.85, down 0.21% on the BSE.
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First Published: Fri, Oct 31 2008. 04 58 PM IST