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BPCL posts ₹3,201-crore consolidated revenue in Sept quarter

Bharat Petroleum Company Ltd (BPCL) posted a consolidated web revenue of ₹3,200.90 crore in the course of the April-September quarter from ₹2,263.05 crore a yr in the past.

The state-run oil refiner’s income from operations rose to ₹1,01,937.67 crore in the course of the second quarter of FY22 from ₹66,331.22 crore final yr, the corporate stated in a regulatory submitting.

The board at its assembly held on Friday has declared an interim dividend of ₹5 per fairness share.

“With normalisation of enterprise and gas demand rising, we’re witnessing strong development in general petroleum merchandise gross sales,” stated VRK Gupta, Chief Monetary Officer.

“As worldwide crude costs surge, we’ve seen good development in gross refining margins. The expansion in income and web revenue was primarily because of decrease base of final yr, which was impacted by Covid-19 restrictions. We consider remainder of the yr could have higher sentiments prevailing as vaccination picks up and companies return to pre-Covid ranges,” he added.

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