BPCL Q3 profit declines 52 pc

Bharat Petroleum Corporation Ltd reported a fall of 52.6 per cent in net profit at Rs 379.1 crore for the third quarter of 2009-10.

Bharat Petroleum Corporation Ltd reported a fall of 52.6 per cent in net profit at Rs 379.1 crore for the third quarter of 2009-10.

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BPCL had a net profit of Rs 799.8 crore in the year-ago period.

Net sales of the oil refiner and marketing firm rose to Rs 32,161.2 crore during the quarter ended December 2009 from Rs 31,884.5 crore of the corresponding quarter last fiscal, BPCL said in a filing to the Bombay Stock Exchange.

The state-run company’s market sales rose to 7 million tonnes.