close

News WrapGet Handpicked Stories from our editors directly to your mailbox

BPCL's net profit rises by 11% to Rs 2620.50 crore

BPCL reported net profit of Rs 2620.50 crore, a rise of 11% from Rs 2360.66 crore in the corresponding period of the previous year. 

BPCL's net profit rises by 11% to Rs 2620.50 crore
The market sales of BPCL during this quarter was higher at 9.73 MMT (million metric tones). Photo: Official Website
Written By: ZeeBiz WebTeam
Updated: Wed, Aug 31, 2016
05:07 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
BPCL to skip Iran oil purchases in October: source BPCL to skip Iran oil purchases in October: source
Billionaire Gautam Adani led group bags this big project across 21 cities Billionaire Gautam Adani led group bags this big project across 21 cities
OVL, partners acquire 10% stake in Abu Dhabi oilfield for $600 million OVL, partners acquire 10% stake in Abu Dhabi oilfield for $600 million

Bharat Petroleum Corporation Ltd (BPCL) - Indian state-controlled oil provider, reported net profit of Rs 2620.50 crore, a rise of 11% from Rs 2360.66 crore in the corresponding period of the previous year. 

The company's total income from operations stood at Rs 57,015.75 crore, declining by 3.06% against Rs 58,818.37 crore a year ago same period. 

While operating profit (EBITDA - earnings before interest tax depreciation and amortization) of Rs 3919.19 crore, was up by 2.97% year-on-year (yoy). It's operating profit margin stood at 6.87%, expanding by 40 basis points yoy. 

The market sales during this quarter was higher at 9.73 MMT (million metric tones) when compared to 9 MMT achieved in the similar period of last year. This is led by retail segment (8%), HSD-Retail (2.4%) and Liquefied petroleum gas (LPG) growing by 6.73%. 

Shares of BPCL closed at RS 602.35 down by Rs 5 or 0.82%.