Business

BPCL profit falls 37 per cent to Rs 1,747 crore

Express News Service

NEW DELHI: Bharat Petroleum Corporation (BPCL) on Monday posted a consolidated net profit of Rs 1,747 crore for Q3FY23. This is 36.7% down from the year-ago period of Rs 2,758.89 crore.  

Its revenue from operations rose 13% to Rs 1.33 lakh crore as against Rs 1.17 lakh crore a year ago.

The average gross refining margin (GRM) for nine months ending December 31, 2022, was at $20.08 a barrel as against $6.98 a barrel a year ago period. 

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