After reporting record profits, state-owned fuel retailers Indian Oil Corporation (IOC), BPCL and HPCL posted up to 90 per cent slump in their June quarter earnings as margins fell and they booked under-recovery on the sale of domestic cooking gas LPG at government-controlled rates.
IOC, the nation's largest oil firm, reported 81 per cent drop in standalone net profit in Q1 FY25 - to Rs 2,643.18 crore as opposed to a profit of Rs 13,750.44 crore a year back, according to a company filing.
Net profit also fell sequentially, against earning of Rs 11,570.82 crore in March quarter.
HPCL posted 90 per cent drop in profit to Rs 633.94 crore against an earning of Rs 6,765.50 crore in April-June 2023 and Rs 2,709.31 crore in the preceding March quarter.
BPCL net profit dropped to Rs 2,841.55 crore in AprilJune from Rs 10,644.30 crore a year back and Rs 4,789.57 crore in January-March, its filing showed.
Esta historia es de la edición August 05, 2024 de Millennium Post Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición August 05, 2024 de Millennium Post Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Delhi Second-Most Polluted City In India; AQI 'Severe'
Bahadurgarh In Haryana Topped The List With An AQI OF 445
China's Xi Cautions US To 'Make Wise Choice' To Keep Ties Stable
JOE BIDEN MEETS XI JINPING IN PERU
Fit KL Rahul Set To Open In Perth; Rohit Sharma To Miss First Test
AS BUMRAH HANDED CAPTAINCY
Saqib Saleem calls Varun Dhawan a 'nuanced' actor
Saqib recently took to his Instagram and shared a video of himself engaging in a fun banter with Varun
Ashutosh Gowariker is chairperson of International Jury for IFFI 2024
The festival will start from November 20
A poignant tribute to the martyrs of Delhi Police
The annual concert of award-winning pianist Ankita Kumar's piano academy 'Colors of Music' was held on November 16, 2024, at IILM, Lodhi Road.
'Was excited to work with Vidya Balan'
Actress Madhuri Dixit Nene called 'Bhool Bhulaiyaa 3' a different opportunity
A MESMERIC JOURNEY OF GLOBAL MUSIC
WORLD MUSIC CONCERT
Mohammed Shami to play in SMAT
Mohammed Shami's international comeback might take place in the Border-Gavaskar Trophy, but it could happen during the second half of the series.
McGrath urges Australia to 'go hard' on Kohli
Pace legend Glenn McGrath feels Australia have the \"ammunition\" to target an \"emotional\" Virat Kohli, who will be under pressure if he gets off to a poor start at the five-match Test series for the Border-Gavaskar Trophy, starting in Perth from November 22.
