India Earnings - Bharat Petroleum Corporation Ltd.

By Abhishek on 5:04 PM

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BPCL : Bharat Petroleum Corporation (BPCL) swung to loss for the quarter ended September 2008. During the quarter, the company reported loss of Rs 26,252.70 million compared with a profit of Rs 10,382.00 million in the same quarter last year. Net sales for the quarter surged 50.38% to Rs 378,506.90 million, while total income for the quarter jumped 49.39% to Rs 381,487.30 million, when compared with the prior year period. The company posted loss of Rs 72.61 a share during the quarter compared with earnings of Rs 28.72 a share in previous year period. During the quarter, the operating margin of the company dropped to 5.66% compared with 6.22% in the previous year period. Interest cost increased 4.35 times to Rs 5,338.10 million while depreciation cost rose 4.19% to Rs 2,419.40 million over previous year period. Bharat Petroleum Corporation, a public sector undertaking, is a Fortune 500 company involved in the business of refining, storing, marketing and distributing petroleum products. It was incorporated on Nov. 03, 1952 as a private limited company and got its current name in 1977.

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