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

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Printable version | Nov 24, 2020 9:11:29 AM |

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