HPCL net loss at Rs422 cr in December quarter

HPCL net loss at Rs422 cr in December quarter
PTI
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First Published: Wed, Jan 28 2009. 03 56 PM IST
Updated: Wed, Jan 28 2009. 03 56 PM IST
New Delhi: Hindustan Petroleum Corp Ltd on Wednesday said its net loss has widened to Rs422 crore in the third quarter ended 31 December, 2008, from Rs15.74 crore a year ago.
Sales was increased to Rs29,386.67 crore in the October-December quarter as compared to Rs27,117.01 crore in the corresponding quarter a year ago, a company press release said here.
HPCL had reported a Rs3,218.92 crore net loss in the second quarter of current fiscal and cumulatively in the first nine months the net loss stood at Rs4,529.06 crore. This was against Rs750.36 crore net profit in the April-December period of the previous financial year.
Net sales increased to Rs99,598.21 crore as opposed to Rs73,233.15 crore.
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First Published: Wed, Jan 28 2009. 03 56 PM IST
More Topics: Company Results | HPCL | Q3 | Net sales | Loss |