HPCL Q1 Results: OMC Posts Lower-Than-Expected Loss Of Rs 11,526 Crore; Revenue Up 17%

HPCL reported a net loss of Rs 11,526 crore for Q1, lower than expected.

Revenue from operations increased 17% quarter-on-quarter to Rs 1.40 lakh crore.

Revenue exceeded Bloomberg estimate of Rs 1.29 lakh crore.

The loss is attributed to under-recoveries on fuel sales.