BPCL Q2 net loss at Rs2,625 cr1 min read . Updated: 30 Oct 2008, 03:02 PM IST
BPCL Q2 net loss at Rs2,625 cr
Mumbai: State run oil major Bharat Petroleum Corporation today said its net loss for the second quarter ended 30 September stood at Rs2,625.27 crore.
The firm had a net profit of Rs1,038.16 crore in the September quarter of last fiscal, BPCL said in a filing to the Bombay Stock Exchange.
The total income rose 49.32% to Rs38,148.73 crore for the quarter under review, from Rs25,548.14 crore in the year-ago period.
Financial results of the quarter have been adversely affected due to impact on account of high crude oil and product prices which could not be fully passed on to the consumers, the company said.
For the six-month ended 30 September BPCL had a net loss of Rs3,691.96 crore, while it had a net profit of Rs1,230.88 crore in the corresponding period last year.
In the first half of the current fiscal BPCL’s income from operations stood at Rs82,074.63 crore, against Rs54,370.83 crore in the year-ago period.
During the six-month period, the refiner had a forex loss of Rs1,141.87 crore, against a forex gain of Rs332.06 crore in the year-ago period.