New Delhi, Jan 22 (PTI) State-owned Bharat Petroleum Corporation Ltd (BPCL) on Wednesday reported a 20 per cent rise in December quarter net profit as margins rose.

The company reported a consolidated net profit of Rs 3,805.94 crore in the October-December period of FY24, as against Rs 3,181.42 crore in the same period a year back, according to a stock exchange filing by the company.

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The profit was also up quarter-on-quarter when compared with Rs 2,297.23 crore in the July-September period.

Revenue from operations declined to Rs 1.27 lakh crore in the third quarter from Rs 1.3 lakh crore a year back mainly because of a fall in oil prices.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)