{"id":512955,"date":"2022-08-10T09:39:26","date_gmt":"2022-08-10T04:09:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=512955"},"modified":"2022-08-10T09:54:04","modified_gmt":"2022-08-10T04:24:04","slug":"hpcl-bpcl-shed-up-to-4-on-lackluster-june-quarter-performance","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hpcl-bpcl-shed-up-to-4-on-lackluster-june-quarter-performance\/","title":{"rendered":"HPCL, BPCL shed up to 4% on lackluster June quarter performance"},"content":{"rendered":"<p>Shares of Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) shed up to 4 per cent to Rs 238 per share and Rs 323 per share, respectively, in Monday&#8217;s intra-day trade on BSE after the companies booked huge losses in quarter that ended in June (Q1FY23). <\/p>\n<p>On the back of a freeze in petrol and diesel prices, the fuel retailers clocked big losses that wiped away their marketing margin. While BPCL posted a loss of Rs 6,148 crore in Q1FY23, HPCL reported its highest-ever quarterly net loss of Rs 10,196.14 crore. <\/p>\n<p>For HPCL, the total expenses spiked 78.6 per cent to Rs 1,35,370 crore in Q1FY23 over Q1FY22 due to higher input prices. The company reported cost of materials consumed of Rs 33,706.71 crore in Q1 FY23, steeply higher than Rs 10,732.77 crore reported in Q1FY22.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) shed up to 4 per cent to Rs 238 per share and Rs 323 per share, respectively, in Monday&#8217;s intra-day trade on BSE after the companies booked huge losses in quarter that ended in June (Q1FY23). On the back of a freeze in petrol and diesel prices, the fuel retailers clocked big losses that wiped away their marketing margin. While BPCL posted a loss of Rs 6,148 crore in Q1FY23, HPCL reported its highest-ever quarterly net loss of Rs 10,196.14 crore. For HPCL, the total expenses spiked 78.6 per [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-512955","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/512955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=512955"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/512955\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=512955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=512955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=512955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}