BPCL books net loss of Rs 158.77 crore in Q2

Bharat Petroleum Corporation LimitedBharat Petroleum Corp Ltd, India–based second biggest state refiner, has registered disappointing results for the second quarter of the current financial year.

During the reporting quarter, the company has posted a net loss of Rs 158.77 crore.

In the July-September three month period, company’s losses dropped to Rs 158.77 crore from Rs 2,625.27 crore a year ago.

BPCL's turnover also witnessed a downward trend to Rs 27,513.4 crore from Rs 38,148.73 crore.

However, in first six months, BPCL has reported a net profit of Rs 455.35 crore as compared to a loss of Rs 3691.96 crore in the similar period.