'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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