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30-Jan-2024

Bharat Petroleum Corporation

GRM stood at US$13.35 per barrel in Q3


'Bharat Petroleum Corporation consolidated net sales declined 3.08% to Rs 115499.14 crore during Q3FY24 compared to Q3FY23.  Operating profit margin has jumped from 3.53% to 5.37%, leading to 47.15% rise in operating profit to Rs 6,198.86 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 48.22% to 48.64%.   Purchase of finished goods cost fell from 42.32% to 39.61%.   Employee cost increased from 0.64% to 0.93%.   Other expenses rose from 5.20% to 5.46%.  

BPCL gross refining margins (GRM) for the quarter October-December 2023 was $13.35 per barrel Vs $15.92 per barrel in the corresponding comparative quarter.

Refining throughput for the quarter October-December 2023 was 9.86 MMT Vs 9.39 MMT in the corresponding comparative quarter



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