OREANDA-NEWS. State-owned oil and natural gas company Hindustan Petroleum Corporation Limited on Tuesday reported a standalone net loss of Rs 1,733.91 crore for the quarter ended December 31, 2013, although posted higher sales and refining margins.

The Mumbai-based company had posted the standalone net profit of Rs 147.11 crore in the corresponding quarter last year, HPCL said in a filing to Bombay Stock Exchange.

In Q3 FY'14, the net sales of company grew by 5 percent to Rs 55,394.51 crore from the Rs 52,751.01 crore last year, while other operating income stood at Rs 60.48 crore, compared with Rs 662.88 crore a year ago.

During the October-December quarter, total income of company rose by 3.79 per cent to Rs 55,651.51 crore from Rs 53,618.52 crore in a year ago period.

Meanwhile, shares of company closed trading at Rs 249.10, up 2.93 percent from the previous close on BSE.