BPCL Q3 Results: Net profit of Bharat Petroleum Corporation Limited (BPCL) increased by 20 per cent to Rs 3,806 crore in the third quarter of the current financial year. The company’s profit in the same quarter a year ago was Rs 3,181 crore. This company owned by the Government of India gave this information while releasing its December quarter results on Wednesday, January 22. The company has also announced an interim dividend of Rs 5 per share to the shareholders.
BPCL said that its profit recorded a 66 percent increase on a quarterly basis as it had earlier earned a profit of Rs 2,297 crore in the September quarter. However, the company’s revenue declined during the December quarter. BPCL said that its revenue declined by 2 percent to Rs 1.27 lakh crore in the December quarter, which was Rs 1.3 lakh crore in the same quarter last year.
The company’s refinery throughput during the December quarter stood at 9.54 million metric tonnes (MMT), compared to 9.86 MMT last year. On the marketing front, BPCL’s quarterly sales increased by 4 percent year-on-year to 13.43 MMT, compared to 12.92 MMT in the same quarter a year ago. The company’s export during this period was 0.26 MMT.
Meanwhile, shares of BPCL closed 0.68 per cent lower at Rs 278.3 on NSE on Wednesday, January 22. The company’s shares have fallen by about 5.76 percent so far in January. At the same time, the price of its shares has fallen by about 20.20 percent in the last one year.
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