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Bharat Petroleum Corporation (BPCL) on Thursday posted a 58.44 per cent year-on-year (YoY) growth in consolidated net profit to Rs 2,589.52 crore for the quarter ended September 30. Analysts in an ET NOW poll had projected the figure at Rs 550 crore.
The company had posted a profit of Rs 1,634.32 crore for the corresponding quarter last year.
A fall of 16.25 per cent YoY in total expenditure to Rs 62,436.90 crore boosted the bottomline of the company.
On the other hand, revenue of the oil marketing player declined 12.29 per cent YoY to Rs 66,331.22 crore.
Consolidated EBITDA increased by 77.56 per cent YoY to Rs 5,066 crore while margins jumped to 7.6 per cent from 3.7 per cent on YoY basis.
Shares of the company traded 1.33 per cent down at Rs 340.95 after the announcement of quarterly results. On the other hand, the benchmark BSE Sensex traded 0.48 per cent lower at 39,731.
The company had posted a profit of Rs 1,634.32 crore for the corresponding quarter last year.
A fall of 16.25 per cent YoY in total expenditure to Rs 62,436.90 crore boosted the bottomline of the company.
On the other hand, revenue of the oil marketing player declined 12.29 per cent YoY to Rs 66,331.22 crore.
Consolidated EBITDA increased by 77.56 per cent YoY to Rs 5,066 crore while margins jumped to 7.6 per cent from 3.7 per cent on YoY basis.
Shares of the company traded 1.33 per cent down at Rs 340.95 after the announcement of quarterly results. On the other hand, the benchmark BSE Sensex traded 0.48 per cent lower at 39,731.
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