Home / Companies / Results / BPCL Q2 net profit jumps 58% to Rs 2,589.52 cr due to lower expenses

BPCL Q2 net profit jumps 58% to Rs 2,589.52 cr due to lower expenses

The company expects year-on-year demand growth of petroleum products, like diesel and petrol, in the March quarter

Premium

BPCL’s refinery throughput is yet to see a full recovery, as the company restricted production to meet only local demand.

Amritha Pillay Mumbai

3 min read Last Updated : Oct 29 2020 | 10:29 PM IST

State-run refiner Bharat Petroleum Corporation (BPCL) reported consolidated net profit at Rs 2,589.52 crore, jumping 58 per cent year-on-year on the back of lower expenses, including material and finance costs. The Covid impact lingers with refining throughput down and a 12 per cent dip in revenue.

The company expects year-on-year demand growth of petroleum products, like diesel and petrol, in the March quarter.

BPCL’s 58 per cent rise in net profit was helped by a 16 per cent drop in total expenses. Finance cost for the company was down 86 per cent, while the cost of material declined 45 per

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in