New Delhi: State-owned BPCL has released its standalone financial results on Monday. The company reported revenue from operations of Rs 1,33,331.46 crores for the October-December 2022 quarter as compared to Rs 1,17,462.93 crores in the corresponding comparative quarter. The Revenue from Operations for the nine months period April-December 2022 was Rs 4,00,053.74 crores as compared to Rs 3,09,040.48 crores for the corresponding period of previous year.
The net profit for the third quarter of FY 22-23 was Rs 1,959.58 crores as compared
to the restated profit of Rs. 2,828.45 crores in the corresponding quarter of FY21-
22. BPCL has posted a net loss of Rs 4,607.64 crores for the period Apr to December 2022, as compared to the restated profit of Rs 8,862.27 crores in the corresponding period of FY21-22.
EBITDA for Q3 FY 22-23 is positive and stood at Rs 4,685.82 crores as compared to Rs 5,760.66 crores in Q3 FY 21-22. EBITDA margin was at 3.51 percent in Q3 FY 22-23 as compared to 4.90 percent in Q3 FY 21-22. Debt-Equity ratio as on December 31, 2022 was at 0.88x (as against 0.64x as at December 31, 2021).
Commenting on Q3FY23 performance, Vetsa Ramakrishna Gupta, Director (Finance) with additional charge of CMD and Director (HR) said, "BPCL has performed well in marketing of petroleum products registering high growth in market sales. Market sales has increased by 14.9 percent in Q3 FY 23 and 17.3 percent in the nine months that ended on December 22."
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