The Hindu·2 min read·medium
Bharat Petroleum posts ₹3,962 crore loss in June-end quarter marred by elevated crude prices, West Asia conflict
S
Saptaparno Ghosh
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Bharat Petroleum reported a quarterly loss of ₹3,962 crore, primarily driven by high global crude oil prices resulting from the conflict in West Asia. Despite the loss, the company saw a 23% increase in revenue compared to the previous year.
State-owned oil-marketing company Bharat Petroleum posted a loss of about ₹3,962 crore in the June-end quarter that was entirely marred by elevated crude prices because of the conflict in West Asia.
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