BPCL Q4 Results: Net profit plunges 58% QoQ to ₹3,191 crore; revenue flat at ₹1.35 lakh crore

Bharat Petroleum Corporation reported its March quarter results, with net profit falling marginally by 1% year-on-year to ₹3,191 crore from ₹3,214 crore posted in the same period last year.

However, profit plunged 57.7% on a sequential basis, impacted by a sharp rise in exceptional items, due to an impairment loss related to its wholly owned upstream subsidiary, Bharat Petro Resources Limited.