IOC, BPCL, HPCL clock Rs 30,106 cr Q2 profit, nearly 39 pc of last year's annual earnings

Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation together recorded Rs 30,106 crore in second-quarter profit. The combined result represents nearly 39% of the earnings reported by the three companies in the previous full year.

A sizeable contribution to annual earnings

The figures highlight the scale of the three companies’ quarterly performance when compared with their annual earnings from last year. Taken together, IOC, BPCL and HPCL generated almost two-fifths of that earlier full-year total in a single quarter.

The result places the earnings of these three companies among the key business figures for the period. However, the available information does not provide separate profit figures for IOC, BPCL or HPCL, nor does it identify the factors behind the performance.

What the figures show

• Combined second-quarter profit stood at Rs 30,106 crore.
• The amount was nearly 39% of the previous year’s annual earnings.
• The reported figure covers IOC, BPCL and HPCL together.

The companies’ next results will provide further information on their individual performances and how the quarterly profit compares across the three businesses.