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BPCL net profit rises 47% to Rs 2,272 cr in Dec quarter

Total income for the company was 21% higher at Rs 64,646 cr

Amritha Pillay  |  Mumbai 

BPCL, petrol, petrol pump

State-run Bharat Petroleum Corporation Ltd (BPCL) reported a 47% rise in its for the October-December 2016 ended quarter due to better operational performance.

For the December 2016 ended quarter, the company reported a of Rs 2,272 crore, higher from Rs 1,545.15 crore reported in the same period a year back.

Total for the company was 21% higher at Rs 64,646.70 crore against Rs 53,545.79 crore reported in the corresponding quarter a year back meeting analyst expectations. Other for the company also rose to Rs 551.05 crore from Rs 308.75 crore reported a year back.

In a Bloomberg poll, 16 analysts estimated for the company at Rs 54,111.02 crore and 19 analysts estimated at Rs 2,212 crore.

On its operational performance, the company reported higher throughput at 6.78 million metric tonnes (MMT) against 5.87 MMT seen in the same quarter a year back and recorded a sales growth rate of 4.95% in the December 2016 ended quarter.



Average gross refining margins for the company for the quarter was at $5.90 per barrel against $7.67 per barrel reported in the corresponding quarter a year back.

The company in its board meeting held on Thursday also declared an of Rs 19.50/- per equity share. The board also approved the appointment of as Independent Director of the Company with effect from Thursday for three year or until further orders, whichever earlier.

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BPCL net profit rises 47% to Rs 2,272 cr in Dec quarter

Total income for the company was 21% higher at Rs 64,646 cr

Total income for the company was 21% higher at Rs 64,646 cr State-run Bharat Petroleum Corporation Ltd (BPCL) reported a 47% rise in its for the October-December 2016 ended quarter due to better operational performance.

For the December 2016 ended quarter, the company reported a of Rs 2,272 crore, higher from Rs 1,545.15 crore reported in the same period a year back.

Total for the company was 21% higher at Rs 64,646.70 crore against Rs 53,545.79 crore reported in the corresponding quarter a year back meeting analyst expectations. Other for the company also rose to Rs 551.05 crore from Rs 308.75 crore reported a year back.

In a Bloomberg poll, 16 analysts estimated for the company at Rs 54,111.02 crore and 19 analysts estimated at Rs 2,212 crore.

On its operational performance, the company reported higher throughput at 6.78 million metric tonnes (MMT) against 5.87 MMT seen in the same quarter a year back and recorded a sales growth rate of 4.95% in the December 2016 ended quarter.

Average gross refining margins for the company for the quarter was at $5.90 per barrel against $7.67 per barrel reported in the corresponding quarter a year back.

The company in its board meeting held on Thursday also declared an of Rs 19.50/- per equity share. The board also approved the appointment of as Independent Director of the Company with effect from Thursday for three year or until further orders, whichever earlier.

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Business Standard
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BPCL net profit rises 47% to Rs 2,272 cr in Dec quarter

Total income for the company was 21% higher at Rs 64,646 cr

State-run Bharat Petroleum Corporation Ltd (BPCL) reported a 47% rise in its for the October-December 2016 ended quarter due to better operational performance.

For the December 2016 ended quarter, the company reported a of Rs 2,272 crore, higher from Rs 1,545.15 crore reported in the same period a year back.

Total for the company was 21% higher at Rs 64,646.70 crore against Rs 53,545.79 crore reported in the corresponding quarter a year back meeting analyst expectations. Other for the company also rose to Rs 551.05 crore from Rs 308.75 crore reported a year back.

In a Bloomberg poll, 16 analysts estimated for the company at Rs 54,111.02 crore and 19 analysts estimated at Rs 2,212 crore.

On its operational performance, the company reported higher throughput at 6.78 million metric tonnes (MMT) against 5.87 MMT seen in the same quarter a year back and recorded a sales growth rate of 4.95% in the December 2016 ended quarter.

Average gross refining margins for the company for the quarter was at $5.90 per barrel against $7.67 per barrel reported in the corresponding quarter a year back.

The company in its board meeting held on Thursday also declared an of Rs 19.50/- per equity share. The board also approved the appointment of as Independent Director of the Company with effect from Thursday for three year or until further orders, whichever earlier.

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Business Standard
177 22