BPCL net profit rises 40 per cent during September quarter to Rs1,708 crore on tax reversal
State-run oil refiner Bharat Petroleum Corporation Limited (BPCL) posted a 40.18 per cent jump in its July-September quarter net profit to Rs 1,708.45 crore from Rs 1,218.71 crore a year earlier.
The September quarter net profit was boosted by a one-time tax reversal of Rs 580.33 crore, the company said in a filing to the stock exchange.
A similar tax reversal of Rs 163.34 crore was accounted in the April-June quarter.
BPCL’s total revenue during the second quarter dropped 8.98 per cent to Rs 75,927.91 crore from Rs 83,422.83 crore a year ago.
