Was Bpcl in Loss?
In the Year-Ago Quarter, Bpcl Had Suffered a One-Time Loss Worth Rs 1,080.8 Crore Due to Write-Down of Inventory in Lieu of the Crash in Global Crude Oil...
In the year-ago quarter, BPCL had suffered a one-time loss worth Rs 1,080.8 crore due to write-down of inventory in lieu of the crash in global crude oil prices in March 2020.
Is Bharat Petroleum in loss?
MUMBAI : State-run refiner Bharat Petroleum Corporation (BPCL) today posted a consolidated loss of ₹1,819.6 crore for the quarter ended March 2020 on inventory loss and lower gross refining margin. The second largest fuel retailer had reported a profit at ₹2,051.4 crore in previous quarter.
Is Bharat Petroleum profitable?
State-run Bharat Petroleum (BPCL) on Wednesday reported a net profit of Rs 17,319.8 crore on a consolidated basis for the fiscal ended March 31, 372.5% higher than the profit posted a year ago. This is the highest annual profit reported by the oil refining and marketing company.
James Sterling reports on renewable energy developments, climate policy, ecological conservation, and green tech innovations around the globe.
