HPCL misses estimates in Q2; plans to issue Rs 6000 crore NCDs
HPCL missed estimates by reporting net profit of Rs 701.32 crore for second quarter September 30, 2016, against net loss of Rs 317.13 crore in the corresponding period of the previous year. A Bloomberg poll estimated net profit to be around Rs 1,050 crore for this quarter.
The company plans to issue NCDs aggregating value up to Rs 6000 crore. Photo: Reuters