Hindustan Petroleum posts net loss of ₹12,265 crore impacted by West Asia crisis
Hindustan Petroleum reported a net loss of ₹12,265 crore for the June quarter, primarily due to supply disruptions linked to the ongoing conflict in West Asia. Despite this loss, the company's revenue rose by 21% year-over-year to ₹1.45 lakh crore. The significant financial impact highlights the vulnerabilities of the oil sector amid geopolitical tensions.