BPCL reports 77% YoY fall in Q3 profit at Rs 495 crore, announces dividend of Rs 11
Revenue rose 25.7 per cent to Rs 88,237.87 crore over Rs 70,201.84 crore in the previous fiscal.
NEW DELHI: Oil and gas major BPCL on Friday reported a 76.90 per cent yearly fall in standalone profit at Rs 495.14 crore for the quarter ended December 31.
The company had posted a profit of Rs 2,143.74 crore in the year ago period.
However, revenue rose 25.7 per cent to Rs 88,237.87 crore over Rs 70,201.84 crore in the same period in the previous fiscal.
Average gross refining margin (GRM) for the nine months to December stood at $5.25. GRM for the quarter under review plunged to $2.78 per barrel from $7.89 in December 2017 quarter.
The company’s margins fell to 0.8 per cent from 4.6 per cent a year ago.
The board of directors declared an interim dividend of Rs 11 with a face value of Rs 10 per equity share.
Market sales for the nine months to December stood at 31.72 million tonnes compared with 30.48 million tonnes during the corresponding period of the previous year.
The company had posted a profit of Rs 2,143.74 crore in the year ago period.
However, revenue rose 25.7 per cent to Rs 88,237.87 crore over Rs 70,201.84 crore in the same period in the previous fiscal.
Average gross refining margin (GRM) for the nine months to December stood at $5.25. GRM for the quarter under review plunged to $2.78 per barrel from $7.89 in December 2017 quarter.
The company’s margins fell to 0.8 per cent from 4.6 per cent a year ago.
The board of directors declared an interim dividend of Rs 11 with a face value of Rs 10 per equity share.
Market sales for the nine months to December stood at 31.72 million tonnes compared with 30.48 million tonnes during the corresponding period of the previous year.
