{"id":367718,"date":"2020-08-14T10:36:03","date_gmt":"2020-08-14T05:06:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367718"},"modified":"2020-08-14T11:53:26","modified_gmt":"2020-08-14T06:23:26","slug":"privatisation-bound-bpcls-net-profit-almost-doubles-to-rs-2076-cr-in-q1","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/privatisation-bound-bpcls-net-profit-almost-doubles-to-rs-2076-cr-in-q1\/","title":{"rendered":"Privatisation-bound BPCL&#8217;s net profit almost doubles to Rs 2,076 cr in Q1"},"content":{"rendered":"<p>Privatisation-bound Bharat Petroleum Corp Ltd (BPCL) on Thursday reported nearly doubling of net profit in the June quarter after inventory gains offset a decline in refining margins and fuel sales. <\/p>\n<p>Standalone net profit in April-June stood at Rs 2,076.17 crore compared with Rs 1,075.12 crore a year back, the company said in a regulatory filing. <\/p>\n<p>The company earned $0.39 on turning every barrel of crude oil into fuel as compared to a gross refining margin (GRM) of $2.81 a barrel in the same period of the previous year. <\/p>\n<p>Fuel sales in the quarter that saw economic activity coming to a halt due to nationwide Covid-19 lockdown slipped to 7.53 million tonnes when compared to 11.11 million tonnes sales last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Privatisation-bound Bharat Petroleum Corp Ltd (BPCL) on Thursday reported nearly doubling of net profit in the June quarter after inventory gains offset a decline in refining margins and fuel sales. Standalone net profit in April-June stood at Rs 2,076.17 crore compared with Rs 1,075.12 crore a year back, the company said in a regulatory filing. The company earned $0.39 on turning every barrel of crude oil into fuel as compared to a gross refining margin (GRM) of $2.81 a barrel in the same period of the previous year. Fuel sales in the quarter that saw economic activity coming to a [&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-367718","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\/367718","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=367718"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367718\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}