BPCL Q3 Results: Reports 73.4% Y-o-Y jump in net profit to Rs 3,397 crore

New Delhi: The Fuel Giant and leading PSU, Bharat Petroleum Corporation Ltd (BPCL) has announced its quarter result for the Financial Year 2023-2024 on Monday, January 29, 20224.

The company reported a 73.4% year-on-year (YoY) surge in net profit for the quarter ending December 2023, reaching Rs 3,397.30 crore, as in a corresponding year in December 2022 Net Profit /(Loss) was Rs 1,959.58 crore.

According to the BPCL standalone unaudited statement for the quarter and nine months ended 31 December 2023, the company's market sales of the Corporation for the nine months ended 31st December 2023 was 37.86 MMT as compared to 36.01 MMTforthe nine months ended 31st December 2022. The increase is mainly in MS-Retail (4.78%), HSD (2.24%) and ATF (8.82%).

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Moreover, the revenue from operations, net of excise duty, has dropped 3 per cent year-on-year to Rs 1.15 lakh crore.

The state-run refiner witnessed an EBITDA margin for the quarter, 5.4% compared to 12.5% last year which also went down.

A sharp fall in quarter-on-quarter Net profit by 60% to Rs 3,397 crore from Rs 8,501 crore. 

Consolidated results show an 82.11 per cent rise year-on-year (YoY) in net profit during the third quarter of the ongoing financial year (Q3 FY24). The company's profit stood at Rs 3,181.42 crore in Q3 as against Rs 1,747.01 crore in the same period last fiscal.

 

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