{"id":367715,"date":"2020-08-14T10:35:26","date_gmt":"2020-08-14T05:05:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367715"},"modified":"2020-08-14T11:47:16","modified_gmt":"2020-08-14T06:17:16","slug":"bpcl-consolidated-profit-before-tax-rises-30-to-rs-3080-crore-in-q1","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-consolidated-profit-before-tax-rises-30-to-rs-3080-crore-in-q1\/","title":{"rendered":"BPCL consolidated profit before tax rises 30% to Rs 3,080 crore in Q1"},"content":{"rendered":"<p>State-run Bharat Petroleum Corporation (BPCL), in the process of being privatised, has posted 30 per cent increase in consolidated profit before tax (PBT) for the first quarter (Q1) of 2020-21 to Rs3,080.8 crore, against Rs2,375.02 crore during the April-June period of 2019-20. <\/p>\n<p>According to the oil and gas company, the rise in profit was mainly due to inventory gain, despite a decline in sales and weak refining margin. <\/p>\n<p>However, the company\u2019s revenue from operations saw a drop of 41 per cent for the quarter under review to Rs50,909.2 crore, compared to Rs86,412.9 crore in Q1 of the previous financial year. <\/p>\n<p>The average gross refining margin during the quarter ended June 30 was $0.39 per barrel, against $2.81 per barrel during the April-June quarter of 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run Bharat Petroleum Corporation (BPCL), in the process of being privatised, has posted 30 per cent increase in consolidated profit before tax (PBT) for the first quarter (Q1) of 2020-21 to Rs3,080.8 crore, against Rs2,375.02 crore during the April-June period of 2019-20. According to the oil and gas company, the rise in profit was mainly due to inventory gain, despite a decline in sales and weak refining margin. However, the company\u2019s revenue from operations saw a drop of 41 per cent for the quarter under review to Rs50,909.2 crore, compared to Rs86,412.9 crore in Q1 of the previous financial year. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-367715","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=367715"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367715\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}