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28-Oct-2023

Bharat Petroleum Corporation

GRM stood at US$18.49 per barrel in Q2


'Consolidated net sales of Bharat Petroleum Corporation have declined 10.26% to Rs 103044.37 crore.  Operating profit margin has jumped from 1.23% to 12.56%, leading to 814.59% rise in operating profit to Rs 12,940.51 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 50.88% to 45.52%.   Purchase of finished goods cost fell from 42.16% to 36.84%.   Employee cost increased from 0.48% to 0.70%.   Other expenses fell from 5.27% to 5.11%.  

BPCL gross refining margins (GRM) for the quarter July-September 2023 was $18.49 per barrel Vs $16.79 per barrel in the corresponding comparative quarter.

Other income rose 94.87% to Rs 675.61 crore.  PBIDT rose 672.94% to Rs 13616.12 crore.  Provision for interest ros...



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