BPCL back in black

August 13, 2013 11:03 pm | Updated November 16, 2021 09:26 pm IST - MUMBAI:

Bharat Petroleum Corporation Ltd. (BPCL) has reported a net profit of Rs.150.32 crore for the first quarter ended June 30, 2013, as compared to a net loss of Rs.8836.75 crore in the same period last year due to better refinery margins. Total income from operations was higher at Rs.58,736.44 crore against Rs.54,548.42 crore.

Market sales were higher at 8.59 million metric tonnes against 8.50 million metric tonnes. The increase was mainly in petrol retailing (11.56 per cent), diesel retailing (7.34 per cent) and Aviation Turbine Fuel (9.79 per cent).

The average gross refining margin during the quarter was $4.05 against $2.62 a barrel in the same period last year, the company added.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.