Shares of Bharat Petroleum Corporation Ltd (BPCL) slipped to a low of Rs 337.65, down 3.2 per cent, on the BSE on Thursday after the company reported a consolidated pre-tax loss of Rs 2,958.91 crore for the March quarter of FY20 (Q4FY20). In the year-ago quarter, the oil marketing company (OMC) had reported a profit before income tax of Rs 4,961.79 crore.
The stock, however, pared losses later and was trading marginally high at Rs 350.5 apiece, up 0.4 per cent, on the BSE at 10:08 am. In comparison, the benchmark S&P BSE Sensex was at 34,092.57 level, down 16.97 points or 0.05 per cent.
On a standalone basis, the pre-tax loss was Rs 2,068.87 crore, compared to profit of Rs 4,595.14 crore in Q4FY19.
