State-owned oil marketing company HPCL is expected to report a net loss of Rs 700 crore in the October-December quarter of FY12 as against profit of Rs 211 crore in a year ago quarter.
Sales are seen going up by 25.5% to Rs 42,550 crore versus Rs 33,902.5 crore year-on-year.
The company is likely to post a loss of Rs 240 crore at operating level as against profit of Rs 627 crore during the same period. Highlights
* Govt contribution uncertain
* HPCL
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