BPCL Q3 results: Net profit falls 36% to Rs 1,747 cr, revenue up 13%

BPCL's market sales for the December quarter stood at 12.81 MMT versus 11.21 MMT reported last year

State-owned Bharat Petroleum Corporation (BPCL) reported a consolidated net profit of Rs 1,747 crore for the quarter ending December 31, 2022 (Q3FY23), getting back into the black after two consecutive quarters of loss reported in the July-September and April-June periods. But Q3 net profit was down 36.7 per cent versus the year-ago period, when the bottom line came in at Rs 2,758.89 crore. 

Consolidated revenue from operations in Q3 rose 13.67 per cent to Rs 1.33 trillion as against Rs 1.17 trillion reported in the same quarter last year. In Q2, the company had reported a revenue of Rs 1.28