HPCL has decalred its Q1FY09 results. The company's net sales were up 59% to Rs 34749.32 crore from Rs 21881.7 crore.
Its has post net loss of Rs 888.12 crore versus loss of Rs 86.93 crore.
Highlights
* GRMs for Q1FY09 were at $15.23/bbl (Apr-Jun 2007 : $9.04/bbl) for Mumbai Refinery and $17.05/bbl (Apr-June 2007: $ 7.80/bbl) for Visakh Refinery.
* Received discounts from upstream companies to the tune of Rs 2357.38 cr Vs Rs 900.94 cr
* Received in principle nod from Fin Min for oil bonds worth Rs 5115 cr (Apr-June 2007 : Nil)
* Pay revision provision of Rs 162.94 cr
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