BPCL energises Q1 profit 3-fold to Rs 2,293 crore

New Delhi: State-owned Bharat Petroleum Corp Ltd (BPCL) on Wednesday reported a three-fold rise in its first quarter net profit on higher refining margins.

Net profit in April-June at Rs 2,293.26 crore, or Rs 11.66 a share, was higher than Rs 744.56 crore, or Rs 3.79 a share, in the same period of the previous fiscal, the company said in a regulatory filing.

It earned $7.49 on turning every barrel of crude oil into fuel in the quarter as compared to $4.88 per barrel gross refining margin in the year-ago period.

Also, it turned a higher volume of 7.74 million tonnes of crude oil into fuel when compared with 6.42 million tonnes of crude throughput in April-June 2017.