Bharat Petroleum Reports Net Profit Dip in Q2 Amid Crude Volatility

Bharat Petroleum Corporation reported a 22.5% year-over-year decline in standalone net profit to ₹4,993.17 crore for the September quarter.

The state-run refiner's financial margins were negatively impacted by volatile crude prices driven by the reignited conflict in West Asia.

Total revenues increased by approximately 30% year-over-year to exceed ₹1.58 lakh crore during the reported quarter.