Bharat Petroleum posts ₹3,962 crore loss in June-end quarter marred by elevated crude prices, West Asia conflict

AI Summary

Bharat Petroleum reported a ₹3,962 crore loss in the quarter ending June, impacted by elevated crude oil prices and the conflict in West Asia. Despite the loss, the company's revenues increased over 23% year-over-year, reflecting strong sales amid challenging market conditions.

The Mumbai-headquartered refiner’s revenues although increased more than 23% on a year-over-year basis to approximately ₹1.61 lakh crore