Bharat Petroleum Q3 net profit zooms 120.34% at Rs 2777.62 cr
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The company reported standalone net profit of Rs 2,777.62 crore for the quarter ended December 31, 2020 as compared to Rs 1260.63 crore in the same period last year, registering a year-on-year growth of 120.34 per cent. Net revenue of the company declined moderately by 10.71 per cent at Rs 66,731.39 crore in October-December quarter of this fiscal as against Rs 74,732.79 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 13.33 per cent to Rs 62,425.61 crore from Rs 72,029.41 crore in year ago period. Other Income grew by 194.19 per cent at Rs 1,514.55 crore versus (Dec'19 Rs 514.82 crore).
Operating Profit surged by 59.27 per cent to Rs 4,305.78 crore as against Rs 2,703.38 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 78.18 per cent in December quarter. Interest declined by 50.99 per cent y-o-y to Rs 250.99 crore, while Taxation increased by 191.84 per cent at Rs 1,378.60 crore (Dec'19 Rs 472.38 crore).
