Business

BPCL Q2 profit jumps 58% on refining margins, inventory gains

BPCL Q2 profit jumps 58% on inventory gains

BPCL on Thursday reported a 58% jump in Q2 net profit on the back of inventory gains and rise in refining margin. Consolidated net profit was at ₹2,589.52 crore in July-September compared with ₹1,502.63 crore the year earlier. “Our strategy of buying crude at low prices in May and June has resulted in substantial refinery margin,” BPCL Director (Finance) N. Vijayagopal said. pti

This article is closed for comments.
Please Email the Editor

Printable version | Nov 24, 2020 9:11:29 AM | https://www.thehindu.com/business/bpcl-q2-profit-jumps-58-on-refining-margins-inventory-gains/article32976205.ece

Next Story