Bharat Petroleum Corporation Limited (BPCL) has reported consolidated financial results for the period ended December 31, 2024.

BPCL has posted net profit of Rs. 3,805.94 crore for the quarter ended December 31, 2024 as against net profit of Rs. 2,297.23 crore for the quarter ended September 30, 2024. The company posted net profit of Rs. 3,181.42 crore for the quarter ended December 31, 2023.

BPCL has reported total income of Rs. 1, 28,158.36 crore during the quarter ended December 31, 2024 as compared to Rs. 1, 18,646.20 crore during the quarter ended September 30, 2024. The company reported total income of Rs. 1, 30,475.59 crore during the quarter ended December 31, 2023.

For the 9 months period ended December 31, 2024, BPCL has reported total income of Rs. 3, 75,481.44 crore as compared to Rs. 3,76,633.79 crore during the 9 months period ended December 31, 2023.

The company has posted net profit of Rs. 8,944.72 crore for the 9 months period ended December 31, 2024 as against net profit of Rs. 22,069.27 crore for the 9 months period ended December 31, 2023.

The refinery throughput of the company was 9.54 million metric tonne (MMT) during the quarter, compared to 9.86 MMT last year.

On the marketing front, quarterly market sales of BPCL grew almost 4 percent at 13.43 MMT during Oct-Dec 2024 from 12.92 MMT in last year. Exports in the quarter came in at 0.26 MMT.

Meanwhile, the Board of Directors of BPCLhas approved the submission of a development plan to the Indonesian Regulator for development of Nunukan block for oil and gas reserves. Once the development plan is approved by the regulator and various conditions / terms are met, an estimated investment of US $121 million will be incurred.

Bharat PetroResources Limited (BPRL), 100% subsidiary of Bharat Petroleum Corporation Limited, through its step down wholly owned subsidiary BPRL Ventures Indonesia BV (BVIBV) holds Participating Interest of 16.23% in the above block and Pertamina Hulu Energi Nunukan Inc. (PHENC), a subsidiary of Pertamina, the National Oil Company of Indonesia is the Operator of the block