Hindustan Petroleum Corporation reports net loss of Rs 9248.80 crore in Q1

Hindustan Petroleum Corporation has reported results for first quarter ended June 30, 2012.

On standalone basis, the company has reported a net loss of Rs 9248.80 crore for the quarter ended June 30, 2012 against net loss of Rs 3080.26 crore for the corresponding period last fiscal. However, total income increased by 8.74% at Rs 44710.17 crore during the quarter under review from Rs 41117.73 crore in the year-ago period.

HPCL operates two major refineries producing a wide variety of petroleum fuels and specialties, one in Mumbai (west coast) of 6.5 million metric tonnes per annum (MMTPA) capacity and the other in Vishakapatnam, (east coast) with a capacity of 7.5 MMTPA.