BPCL reports over two fold jump in Q2 net profit

Bharat Petroleum Corporation (BPCL) has reported results for second quarter ended September 30, 2015.

The company has reported over two fold jump in its net profit at Rs 1018.04 crore for the quarter ended September 30, 2015 as compared to Rs 464.20 crore for the same quarter in the previous year. However, the company’s total income has decreased by 24.28% to Rs 47160.05 crore for the quarter under review from Rs 62280.28 crore for the corresponding quarter of the previous year.

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.