Friday, Apr 19 2024 | Time 23:12 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

"CSIR-IICT and BHEL partners to advance clean fuel technology: MoU signed on CO2 to DME"

19 Apr 2024 | 7:23 PM

Hyderabad, April 19 (UNI) The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) and Bharat Heavy Electricals Limited (BHEL) Corporate R&D have forged a partnership to develop technology for capturing and converting carbon dioxide (CO2) to Dimethyl Ether (DME) through direct catalytic conversion.

see more..

Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

19 Apr 2024 | 6:41 PM

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

see more..
Sensex recovers 600 points on heavy buying on last day of week

Sensex recovers 600 points on heavy buying on last day of week

19 Apr 2024 | 5:34 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 points to close at 73088.33 on expectation of minimal escalation of tension between Israel and Iran.

see more..

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..
Rupee up 8 paise against USD

Rupee up 8 paise against USD

19 Apr 2024 | 5:05 PM

Mumbai, April 19 (UNI) The Rupee on Friday ended positive at 83.47, rising 8 paise against the USD on selling US Dollar by bankers and exporters, dealers at the Foreign exchange said.

see more..
image