India's HPCL posts quarterly profit drop on higher costs, tax expenses

Oct 22 (Reuters) - India's Hindustan Petroleum Corp (HPCL.NS), opens new tab reported a 9% drop in second-quarter profit on Thursday, due to higher tax expenses and a sharp spike in crude prices that squeezed the fuel retailer's margins.

Here are details from the state-run company's earnings report:

($1 = 94.8175 Indian rupees)

Reporting by Anuran Sadhu in Bengaluru; Editing by Leroy Leo