HPCL’s net loss narrows to Rs 2475 crore in Q2

State-run Hindustan Petroleum Corporation NSE -3.93 % (HPCL NSE -3.93 %) on Thursday reported a second straight quarterly loss as it held prices of petrol, diesel and LPG despite rising costs.

The refiner’s net loss for the September quarter stood at Rs 2,475 crore against a net profit of Rs 1,919 crore during the corresponding period of previous year. In the previous quarter, the company had posted a loss of Rs 8557 crore.