HPCL Q3 net loss seen at Rs 1,500 cr

MUMBAI: Oil marketing company HPCL is likely to report a net loss of Rs 1,500 crore for the quarter ended December 2012 as against a net profit of Rs 2,725 crore in the corresponding quarter a year ago, says ET Now poll.

Net sales for the period are seen at Rs 46,900 crore as against Rs 47,917 crore in the same quarter last fiscal. GRMs are seen in $3-4 per barrel range.

Factors to Watch:

Private sector refiners post improvement in GRMs

Total 9 months under recovery at Rs 1.3 lakh crore

Government indicates at Rs 25,000 payout to OMCs by March

Government has given out only Rs 30,000 to OMCs till date

Diesel price hike in bulk and retail to show from Q3 onwards