NEW DELHI: State-owned Hindustan Petroleum Company (HPCL) on Monday reported returning to profitability within the September quarter after a lift in advertising margin improved earnings.
It logged a consolidated web revenue of Rs 5,827 crorewithin the September quarter. Within the year-ago interval, the corporate had reported a lack of Rs 2,476 crore, it mentioned in a inventory alternate submitting.The revenue was aided by a lift in advertising margins as a freeze on petrol and diesel worth revision regardless of a fall in enter crude oil costs helped recuperate losses incurred when charges had been excessive final yr.
Pre-tax earnings from the downstream oil refining and advertising enterprise got here at Rs 6,985 crore within the second quarter of the present fiscal.
It logged a consolidated web revenue of Rs 5,827 crorewithin the September quarter. Within the year-ago interval, the corporate had reported a lack of Rs 2,476 crore, it mentioned in a inventory alternate submitting.The revenue was aided by a lift in advertising margins as a freeze on petrol and diesel worth revision regardless of a fall in enter crude oil costs helped recuperate losses incurred when charges had been excessive final yr.
Pre-tax earnings from the downstream oil refining and advertising enterprise got here at Rs 6,985 crore within the second quarter of the present fiscal.
