BPCL reports profit after tax at Rs 10,644 crore in Q1, beats estimates
State-run Bharat Petroleum Corporation (BPCL) reported a profit after tax (PAT) of Rs. 10,644 crore during the June quarter (Q1FY24), compared to a loss in the year-ago period.
Correction in crude oil prices and improvement in marketing margins helped profits.
For Q1FY24, BPCL reported net sales of Rs. 1.12 trillion, down 6.7 per cent.
Sequentially, net sales fell 4.3 per cent and net profit was up 54.9 per cent.
The company reported a loss of Rs. 6,148 crore in the year-ago quarter.
