HPCL fell 2.19% to Rs 612.90 at 12:21 IST on BSE after the company reported net loss of Rs 325.38 crore in Q3 December 2014 as against net loss of Rs 1733.91 crore in Q3 December 2013.
The Q3 result was announced after market hours on Friday, 13 February 2015.
Meanwhile, the S&P BSE Sensex was up 85.01 points or 0.29% at 29,179.94.
On BSE, so far 1.65 lakh shares were traded in the counter as against average daily volume of 1.86 lakh shares in the past one quarter.
The stock hit a high of Rs 643.60 and a low of Rs 606.90 so far during the day.
The stock had outperformed the market over the past one month till 13 February 2015, surging 6.56% compared with Sensex's 6.09% rise. The scrip had also outperformed the market in past one quarter, jumping 15.65% as against Sensex's 4.13% rise.
Also Read
The large-cap PSU oil marketing firm has equity capital of Rs 338.63 crore. Face value per share is Rs 10.
HPCL's net sales declined 7.82% to Rs 51045.24 crore in Q3 December 2014 over Q3 December 2013.
HPCL's average gross refining margins during the nine months ended December 2014, were $1.04 per barrel as against $2.94 per barrel during the corresponding period of the previous year.
Subsidy on PDS Kerosene and Domestic Subsidized LPG amounting to Rs 559.54 crore has been accounted during the nine months ended December 2014. (April-December 2013: Rs 465.43 crore).
During the nine months ended December 2014, discount from upstream oil companies viz. ONGC and GAIL (India) amounting to Rs 9807.02 crore in respect of crude oil, PDS kerosene & domestic LPG purchased from them has been accounted. (April - December 2013: Rs 11099.66 crore)
Based on the approval received from the Government of India, the company has accounted for Budgetary Support amounting to Rs 5057.94 crore for the nine months ended December 2014. (April-December 2013: Rs 8276.99 crore) against the underrecoveries on sale of sensitive petroleum products.
The Government of India holds 51.11% stake in HPCL (as per the shareholding pattern as on 31 December 2014).
Powered by Capital Market - Live News