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BPCL Q1 net profit jumps 3-fold to Rs 2,293 crore

8 August, 2018 3:07 PM
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BPCL Q1 net profit jumps 3-fold to Rs 2,293 crore

Net profit in April-June at Rs 2,293.26 crore, or Rs 11.66 a share, was higher than Rs 744.56 crore, or Rs 3.79 a share, in the same period of the previous fiscal.

State-owned Bharat Petroleum Corp Ltd (BPCL) on Wednesday reported a three-fold rise in its first quarter net profit on higher refining margins.

Net profit in April-June at Rs 2,293.26 crore, or Rs 11.66 a share, was higher than Rs 744.56 crore, or Rs 3.79 a share, in the same period of the previous fiscal, the company said in a regulatory filing.

It earned USD 7.49 on turning every barrel of crude oil into fuel in the quarter as compared to USD 4.88 per barrel gross refining margin in the year-ago period.

Also, it turned a higher volume of 7.74 million tonnes of crude oil into fuel when compared with 6.42 million tonnes of crude throughput in April-June 2017.

Also read: Indraprastha Gas Q1 net profit up 9%

Source: moneycontrol.com

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