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Aug 08, 2022, 09.45 AM

HPCL Q1 net loss stood at Rs.10,197 cr

The company has reported Revenue from operations of Rs.1,21,449 Crore for the period April-June 2022

HPCL refineries at Mumbai and Visakh processed highest ever quarterly crude thru-put of 4.81 Million Metric Tonnes (MMT) during April-June 2022.

Hindustan Petroleum Corporation Limited (HPCL) has reported Revenue from operations of Rs.1,21,449 Crore for the period April-June 2022 as compared to Rs.77,586 crore during the corresponding period of previous year.

Exceptionally high input costs and margin erosion on Motor Fuels and LPG has impacted the profitability, resulting in Net loss of Rs. 10,197 crore during April-June 2022 as compared to Profit after Tax (PAT) of Rs. 1,795 crore during the corresponding period of previous year.

The company reported consolidated Net Loss of Rs. 8,557 crore for period April-June 2022 as against PAT of Rs. 2,004 crore during the corresponding period of previous year.

HPCL refineries at Mumbai and Visakh processed highest ever quarterly crude thru-put of 4.81 Million Metric Tonnes (MMT) during April-June 2022.

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