Thursday, Apr 25 2024 | Time 11:38 Hrs(IST)
image
Business EconomyPosted at: Jan 30 2023 10:02PM


BPCL net profit drops 37 pc in Q3 to Rs 1,747 crore

New Delhi, Jan 30 (UNI) State-run Bharat Petroleum Corporation Ltd (BPCL) on Monday reported 36.67% year-on-year drop in consolidated net profit to Rs 1,747.01 crore for the quarter ending December, 2022.
The company had posted a profit of Rs 2,758.89 crore in the December quarter of financial year 2021-22.
On a standalone basis, the public sector oil major reported a net profit of Rs 1,959.58 in Q3 of FY22-23.
"The net profit for the third quarter of FY 22-23 was Rs 1,959.58 crore as compared to the restated profit of Rs 2,828.45 crores in the corresponding quarter of FY21-22," the company said in a statement.
During the October-December period of the current financial year, BPCL's consolidated revenue from operations zoomed 13.48% to Rs 1,33,347.51 crore as compared to Rs 1,17,497.69 crore in the corresponding quarter of the previous year.
Commenting on Q3FY23 performance, Vetsa Ramakrishna Gupta, Director (Finance) with additional charge of CMD and Director (HR) said that BPCL performed well in marketing of petroleum products registering high growth in market sales.
"Market sales has increased by 14.9% in Q3 FY23 and 17.3% in the nine months ended December 22," Gupta said.
BPCL recorded high gross refining margins during Q3 FY 23 supported by robust international cracks of petroleum products as compared to Q3 FY 22.
UNI NK
Please log in to get detailed story.
Tags: #BPCL net profit drops 37 pc in Q3 to Rs 1#747 crore
More News

Sensex up 78 points

25 Apr 2024 | 11:18 AM

Mumbai, April 25 (UNI) The BSE Sensex remained positive for the fifth day in a row on Thursday, advancing 78 points at 73,931.88 in opening session following gains in Financial services, Health Care and Industrials stocks.

see more..

USD, Pound, Euro up ; Yen down

25 Apr 2024 | 9:50 AM

Mumbai, Apr 25 (UNI) Following were the indicative currency rates and travellers' cheques
buying and selling rates.

see more..

Royaloak Furniture launches 14th store in AP; 169th store in country

24 Apr 2024 | 10:05 PM

Bhimavaram (AP), Apr 24 (UNI) Royaloak Furniture, India’s renowned furniture brand, on Wednesday announced the inauguration of a new store here on Wednesday.

see more..

NSE launches derivatives on Nifty Next 50 Index

24 Apr 2024 | 9:16 PM

Mumbai, Apr 24 (UNI) National Stock Exchange of India Ltd (NSE), the world’s largest derivatives exchange for consecutive fifth year in a row in the year 2023 based on contracts traded as published by FIA, launched futures and options contracts on the Nifty Next 50 Index on Wednesday.

see more..

KABIL signs MoU with CSIR-NGRI for geophysical investigations

24 Apr 2024 | 7:47 PM

Bhubaneswar, April 24 (UNI) Khanij Bidesh India Limited (KABIL) has signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research - National Geophysical Research Institute (CSIR-NGRI) to foster a long-term collaboration in the field of geophysical investigations to bolster its ongoing projects and activities in critical and strategic minerals.

see more..
image