Bharat Petroleum Corporation (BPCL) has reported results for third quarter ended December 31, 2011.
The company has posted a jump of about 17-fold in its net profit to Rs 3139.60 crore for the quarter ended December 31, 2011 as compared to Rs 187.38 crore for the same quarter in the previous year. Total income has increased by 60.19% to Rs 59,263.39 crore for quarter under review as compared to Rs 36,996.22 crore for the quarter ended December 31, 2010.
BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.