BPCL Q1 net loss at Rs 6,291 cr on holding fuel prices despite rise in cost
Bharat Petroleum Corporation Ltd (BPCL) on Saturday reported a net loss of Rs 6,291 crore in the first quarter of current fiscal on holding fuel prices despite rise in cost.
Net loss of Rs 6,290.8 crore in April-June compared with Rs 3,192.58 crore in the same period a year back, the company said in a statement.
Revenue from operations rose to Rs 1.38 lakh crore from Rs 89,688.98 crore in April-June 2021.
The company earned USD 27.51 on turning every barrel of crude oil into fuel in the quarter as against USD 4.12 per barrel gross refining margin a year back.
But this was negated by losses that incurred because of holding fuel prices despite rising cost.
