Operating profit was 6 per cent below estimate with forex and marketing inventory loss totaling ₹1,000 crore. The sharp rise in operating expenditure in Q3FY25 was due to employee indiscipline.
BPCL's reported gross refining margins (GRMs) stood at $4.4/bbl ($6.5/bbl in Q2FY25), amounting to ₹670 crore in Q3FY25.
Refining throughput (or rmt) was 9.5 metric million tonnes or mmt (3 per cent Y-o-Y). Marketing volumes, excluding exports, were at 13.4mmt (+4 per cent Y-o-Y). Marketing margin (including inventory) was at ₹7.4 per litre vs ₹5.8 per litre in Q2FY25.
Operating profit stood at ₹7,580 crore with marketing inventory loss and forex loss amounting to ₹720 crore and ₹270 crore, respectively. LPG under-recovery amounted to ₹3,110 crore. The reported net profit was in line with our estimate at ₹2,630 crore.
Diese Geschichte stammt aus der January 25, 2025-Ausgabe von Business Standard.
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