State-run oil marketing company Bharat Petroleum Corporation (BPCL) on Monday reported a 159% hike in its standalone net profit to Rs 6,477.74 crore in Q4 FY23 as against Rs 2,501.08 crore in the year-ago quarter.
Marketing margins saw sharp increase in the quarter, thanks to a softening of crude prices, enabling the company to make up for the under-recoveries in the previous quarters.
The fourth quarter revenue from operations stood at Rs 1,33,413.81 crore, 8% higher than Rs 1,23,382 crore registered in the quarter ending March 2022, as per the full-year financial results filed by the refiner in an exchange.
