BPCL Q3 results: Net profit jumps 82% on higher refining, sales margins

State-owned Bharat Petroleum Corporation Ltd (BPCL) on Monday reported an 82 per cent jump in its December quarter net profit on the back of higher-than-expected refining margins and a rise in margins on fuel sales.

Its consolidated net profit of Rs 3,181.42 crore in October-December – the third quarter of the current fiscal year, stated on April 1, 2023 – compares to Rs 1,747.01 crore earnings in the same period of the previous financial year, according to a company statement.

Its profit was, however, lower than Rs 8,243.55 crore earnings in the preceding quarter (July-September 2023).