{"id":399924,"date":"2021-02-10T12:25:30","date_gmt":"2021-02-10T06:55:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=399924"},"modified":"2021-02-10T12:25:30","modified_gmt":"2021-02-10T06:55:30","slug":"bharat-petroleum-q3-net-profit-doubles-as-crude-rates-rise","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bharat-petroleum-q3-net-profit-doubles-as-crude-rates-rise\/","title":{"rendered":"Bharat Petroleum Q3 net profit doubles as crude rates rise"},"content":{"rendered":"<p>NEW DELHI:  Bharat Petroleum Corporation Ltd (BPCL) on Tuesday reported a more than doubling of its net profit for the December quarter year-on-year due to a sharp rise in inventory gains resulting from rising crude oil prices.<\/p>\n<p>According to financials released by the oil marketing company, its net profit in the October-December quarter (Q3FY21) stood at Rs 2,777.6 crore 120 per cent higher than the Rs 1,260.6 crore recorded in the corresponding period of the previous year. <\/p>\n<p>\u201cThird quarter (of 2020-21 fiscal) has been the strongest in terms of profit before tax and profit after tax in this fiscal year. We are back to pre-COVID levels of sales,\u201d said BPCL Director (Finance) N Vijayagopal while speaking to the press after release. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Bharat Petroleum Corporation Ltd (BPCL) on Tuesday reported a more than doubling of its net profit for the December quarter year-on-year due to a sharp rise in inventory gains resulting from rising crude oil prices. According to financials released by the oil marketing company, its net profit in the October-December quarter (Q3FY21) stood at Rs 2,777.6 crore 120 per cent higher than the Rs 1,260.6 crore recorded in the corresponding period of the previous year. \u201cThird quarter (of 2020-21 fiscal) has been the strongest in terms of profit before tax and profit after tax in this fiscal year. [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,207,143],"tags":[],"class_list":["post-399924","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399924","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=399924"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399924\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=399924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=399924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=399924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}