BPCL third quarter profit plummets 52 per cent to Rs. 379 crore

Bharat Petroleum Corporation has reported a 52.6 per cent decline in its net profit at Rs 379.09 crore for the third quarter ended 31st December, 2009. The state-owned company posted a net profit of Rs 799.84 crore in the year-ago period. The net sales of HPCL shot up to Rs. 32,161.24 crore during Q3 FY 2009-10 from Rs. 31,884.48 crore in the same period last year. The company's market sales rose to 7 million tonnes compared to 6.84 million tonnes in the corresponding period last year.

 

Bharat Petroleum Corporation Limited (BPCL) is one of India's largest PSU companies, with Global Fortune 500 rank of 287 (2008), with its corporate office located at Ballard Estate, Mumbai. Bharat Petroleum is considered to be a pioneer in Indian petroleum industry with various path-breaking initiatives such as Pure for Sure campaign, Petro card, Fleet card etc.

 

BPCL's growth post-nationalisation (in 1976) has been phenomenal. One of the single digit Indian representatives in the Fortune 500 & Forbes 2000 listings, BPCL is often referred to as an 'MNC in PSU garb'. It is considered a pioneer in marketing initiatives, and employs 'Best in Class' practices.