BPCL Q3 Results: PAT soars 73% YoY to Rs 3,397 crore despite fall in revenue

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Key Points

MUMBAI - Bharat Petroleum Corporation Ltd (BPCL) on Monday reported a 73.4% year-on-year (YoY) rise in net profit for the quarter ended December 2023 at Rs 3,397.30 crore..

Revenue from operations, net of excise duty, declined 3% YoY to Rs 1.15 lakh crore, but the figure was higher than the estimated Rs 1.05 lakh crore...

Total expenses for the quarter dropped to Rs 1.26 lakh crore from Rs 1,32 lakh crore a year ago, but was higher than Rs 1.06 lakh crore a quarter ago..

The net tax outgo for the quarter was sharply higher at Rs 1,183 crore, compared to Rs 166 crore a year ago, but lower than Rs 2,811 crore a quarter ago...

For the nine months ended December, the PSU oil refiner reported a net profit of Rs 22,449 crore, against a loss of Rs 4,608 crore a year ago, Net revenue from operations fell by nearly 7% to Rs 3.31 lakh crore...

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