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BPCL Q3 conolidated net dips 7.4% to Rs 1,901 cr, revenue up 1.8%

Board declares 160 per cent interim dividend

BPCL | Q3 results

Twesh Mishra  |  New Delhi 

bpcl, psu sale, disinvestment, OIL, PETROL, DIESEL, PRICES
The centre is in the process of divesting its stake in this public sector undertaking

Bharat Petroleum Corporation (BPCL) has reported Rs 1,900.63 crore consolidated profit for the third quarter of financial year 2020-2021. This is a fall from the Rs 2,051.43 crore profit reported by the company in the same months of the previous financial year.

The Board declared an interim dividend of Rs 16 per equity share of face value Rs 10 each or 160 per cent. The record date to determine eligibility has been fixed as February 19, 2021.

Despite the lower profit, reported a higher consolidated total income at Rs 88,027.16 crore in the quarter under review. This is up 1.8 per cent from Rs 86,495.22 crore in the comparable months of the financial year 2019-2020.

The centre is in the process of divesting its stake in this public sector undertaking. In the nine months from April to December 2020, the average gross refining margin, or gain per barrel of crude oil processed, stood at $2.90 per barrel, down from $ 3.15 a barrel in the same months of 2019.

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First Published: Mon, February 08 2021. 20:52 IST