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.
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