International BusinessBPCL Q3 profit declines 52% to Rs 379 cr
The government-run Bharat Petroleum Corporation (BPCL) today reported a fall of 52.6 per cent in net profit at Rs 379.09 crore for the third quarter of 2009-10.
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It had a net profit of Rs 799.84 crore in the year-ago period.
Net sales of the oil refiner and marketing firm rose to Rs 32,161.24 crore during the quarter ended December 2009 from Rs 31,884.48 crore of the corresponding quarter last fiscal, BPCL said in a filing to the Bombay Stock Exchange (BSE).
The state-run company"s market sales rose to 7 million tonnes compared to 6.84 million tonnes of the same period previous financial year.
For the nine-month period ended December, BPCL reported a net profit of Rs 834.44 crore, while the company had suffered a net loss of Rs 2,892.12 crore during the corresponding period a year earlier.
Shares of BPCL today fell by 2.24 per cent to settle at Rs 542.55 on the BSE.