Average Gross Refining Margin News Today

IOC reported a 37 per cent rise in its net profit in the April-June quarter, which stood at Rs 13,750.44 crore; Should you invest?

IOC’s revenue from operations in the June quarter decreased by 12 per cent to Rs 2.25 lakh crore as against Rs 2.55 lakh crore in the year-ago period. 

Oil marketing company Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it closed the first quarter of the current fiscal with a net profit of Rs 10,550.88 crore.In a regulatory filing, the company said during the first quarter of FY24, ...

On a standalone basis, the company’s net profit fell 31% year-on-year to ₹1,959.58 crore during the third quarter

BPCL Q3 results: On a standalone basis, the companys net profit fell 31% year-on-year to ₹1959.58 crore during the third quarter

IOC also stated that its Board has recommended a final dividend of Rs 3.60 per equity share, which translates into final dividend of Rs 2.40 per equity share (post-bonus) for FY22.

Domestic equity benchmarks were trading with modest gains in morning trade. IT, metal and FMCG shares advanced while pharma and auto shares declined. At 10:26 IST, the barometer index, the S&P BSE Sensex, was up 125.17 points or 0.24% to 51,473.94. The Nifty 50 index has added 53.30 points or 0.35% to 15,169.10. The Sensex hit a record high of 51,606.25 and the Nifty hit a record high of 15,197.80 in morning trade. Both the indices have gained over 11% in seven straight sessions. In the broad...

Bharat Petroleum Corporation (BPCL) rose 2.30% to Rs 429.55 after the companys net profit surged 120.3% to Rs 2,777.62 crore on 10.7% decline in net sales to Rs 66,731.39 crore in Q3 FY21 over Q3 FY20. The oil marketing companys other income in the third quarter was Rs 1,514.55 crore as against Rs 514.82 crore in the same period last year. The state-owned refiners throughput in the quarter declined 13.9% year-on-year (YoY) to 7.24 million tonne. The companys market sales in the quarter were lar...

Domestic benchmarks reversed intraday gains and ended near the flat line after a volatile session on Tuesday. As per provisional closing data, the barometer index, the S&P BSE Sensex, fell 19.69 points or 0.04% to 51,329.08. The Nifty 50 index lost 6.50 points or 0.04% to 15,109.30. The Sensex hit a record high of 51,835.86 and the Nifty hit a record high of 15,257.10 in mid-afternoon trade. Investors booked profits after both the indices surged about 11% in the past six consecutive sessions. ...