BPCL consolidated Q1 net up 31% to Rs 2,873 cr, income up nearly 40%

GRM stood at $4.12 per barrel in Q1FY22 as against $0.39 per barrel a year ago

Bharat Petroleum Corporation has reported a consolidated net profit of Rs 2,872.77 crore for the first quarter of FY22. This is 31.31 per cent higher than the Rs 2,187.74 crore consolidated net reported by the company in the comparable quarter of financial year 2020-21.

Total income during the period under review stood at Rs 90,131.33 crore, up from Rs 51,446.23 crores reported in the first quarter of financial year 2020-21.

BPCL’s gross refining margin (GRM) stood at $4.12 per barrel in the first quarter of financial year 2021-22 as against $0.39 per barrel in the same quarter of financial year