BPCL Q3 profit triples
MUMBAI : State-owned Bharat Petroleum Corporation Ltd’s net profit for the quarter ending December 2019 jumped nearly three times to ₹2,051.43 crore.
BPCL had posted a net profit of ₹698.62 crore in October-December 2018, according to a regulatory filing.
Revenue from operation dropped to ₹85,926.70 crore from ₹89,324.86 crore a year ago on lower oil prices. Sequentially however, net profit fell 26.2% to ₹1,260.6 crore.
According to a Bloomberg poll of 17 brokers, standalone net profit was estimated to be ₹1468.30 crore while revenue was pegged at 70461.70 crore by 15 brokers.
Operating profit rose 13.8% to ₹2,703 crore.
