On a consolidated foundation, the net revenue rose 82% to ₹3,181.42 crore (₹1,747.01 crore) whereas income from operations at ₹1,29,984.84 crore (₹1,33,347.51 crore) was greater than 2% decrease.
| Photo Credit: SIVARAM V
Bharat Petroleum Corporation (BPCL) reported a more-than 73% improve year-on-year in standalone net revenue for the third quarter to ₹3,397.27 crore at the same time as income from operations of the State-owned refiner and marketer declined marginally to ₹1,29,975.60 crore from ₹1,33,331.46 crore.
The firm attributed the upper revenue to improved market gross sales and refinery throughput. While the throughput was 9.86 million tonne (mt) (9.39 mt), market gross sales elevated 0.86% to 12.92 MT (12.81 MT).
“BPCL has delivered another quarter of resilient performance with strong operating fundamentals amidst a challenging operating environment. Our focus remains on driving competitive volume growth and achieving operational excellence, whilst stepping up investment towards our long-term strategic priorities,” CMD G. Krishnakumar mentioned.
On a consolidated foundation, the net revenue rose 82% to ₹3,181.42 crore (₹1,747.01 crore) whereas income from operations at ₹1,29,984.84 crore (₹1,33,347.51 crore) was greater than 2% decrease.
Gross refining margins (GRM) for April – December was $14.72/barrel ($20.08/barrel) earlier than factoring the influence of particular extra excise responsibility and highway and infrastructure cess. BPCL mentioned the standalone revenue of ₹22,449.32 crore for the nine-months ended December was the very best ever. The revenue surged at the same time as income from operations declined greater than 6% to ₹3,74,826.50 crore (₹4,00,053.74 crore). In the year-earlier interval, BPCL had reported a standalone lack of ₹4,607.64 crore.
