HPCL - Q2 FY13 Results First Cut - Microsec

HPCL announced its Q2 results on November 09,2012.

The corporation reported a total income of INR49129.79 which is up by 33percent (%) on YoY basis. The company's profit in this quarter reflects the subsidy received from GOI and discount from the upstream oil companies.

Average GRMs during the current six months ended September,2012 were US $1.19/bbl vs US$1.52/bbl during the corresponding six months of the previous year.

The company received from GOI a budgetary support of INR 6666.63 crores and discount from upstream oil companies amounting to INR5707.41 crores.

Source : Equity Bulls

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