BPCL’s Q4 standalone net profit down 13%

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Mumbai, May 29 (IANS) State owned oil marketing company BPCL on Monday reported a decline of 12.96 per cent in its net profit for the fourth quarter (Q4) of 2016-17.

According to the OMC, its net profit during the quarter under review declined to Rs 1,841.68 crore from Rs 2,116.03 crore reported in the corresponding period of 2015-16.

However, the Q4 standalone total income of the company edged higher by 24.17 per cent to Rs 66,685.61 crore from Rs 53,704.43 crore earned in the corresponding period of previous fiscal.

On a full financial year 2016-17 basis, BPCL reported that its consolidated net profit edged higher by 17.53 per cent to Rs 9,506.97 crore from Rs 8,088.87 crore earned in the corresponding period of the previous fiscal.

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