Hindustan Petroleum Corporation swung to loss for the quarter ended
September 2008. During the quarter, the company reported loss of Rs
32,189.20 million compared with a profit of Rs 8,530.30 million in the same
quarter last year.

Net sales for the quarter surged 46.58% to Rs 355,220.60 million, while
total income for the quarter jumped 45.30% to Rs 356,198.70 million, when
compared with the prior year period.

The company reported loss of Rs 94.95 a share during the quarter compared
with earnings of Rs 25.17 a share in previous year period.


  *Quarterly Results - Standalone (Rs in mn)* *As at* *Sep - 08* *Sep - 07*
*%Change* *Net Sales* 355,220.60 242,344.40 46.58 *Net Profit* (32,189.20)
8,530.30 - *Basic EPS* (94.95) 25.17 -

During the quarter, the operating margin of the company dropped to 7.16%
compared with 5.44% in the previous year period. Interest cost increased
3.77 times to Rs 5,269.40 million while depreciation cost rose 19.97% to Rs
2,420.10 million over previous year period.

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