October 29, 2020 11:08 pm | Updated 11:08 pm IST - New Delhi
FILE PHOTO: A man paints the logo of oil refiner Bharat Petroleum Corp (BPCL) on a wall on the outskirts of Kochi, India, November 21, 2019. REUTERS/Sivaram V/File Photo
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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