BPCL Q3 Results: BPCL s quarterly net profit rose by 73.4% YoY to Rs 3,397.30 crore, surpassing the estimated Rs 3,271 crore. Revenue from operations declined 3% YoY to Rs 1.15 lakh crore but exceeded the estimated Rs 1.05 lakh crore. Total expenses dropped to Rs 1.26 lakh crore from Rs 1.32 lakh crore a year ago. Refinery throughput increased to 9.86 million tonnes from 9.39 million tonnes a year ago. Market sales rose marginally to 12.92 million tonnes from 12.81 million tonnes a year ago.
The government is selling its entire 52.98 per cent stake in BPCL for which three expressions of interest (EoIs), including one from billionaire Anil Agarwal-led Vedanta Group, have been received.