Net profit in July-September was at Rs 1,018.04 crore compared with Rs 464.2 crore net profit in the same period a year ago, the company said in a filing to the stock exchanges.
Turnover, however, fell to Rs 47,160.05 crore in the second quarter from Rs 62,280.28 crore as oil prices fell.
The company earned USD 3.87 on turning every barrel of crude oil into fuel as opposed to USD 1.48 in the corresponding quarter of last fiscal.
The company processed 5.96 million tonne of crude during the quarter as compared to 6.09 million tonne in year-ago period.
BPCL's shares closed 1.05 per cent higher at Rs 905.50 apiece compared to a 0.49 per cent fall in the broader Nifty.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%