BPCL Q1 results: Co reports loss of Rs 3,962 crore; revenue rises 23% YoY

BPCL reported a net loss of Rs 3,962 crore in Q1 versus a profit in the year-ago quarter, despite revenue rising 23 percent year-on-year to about Rs 1.6 lakh crore. Total expenses surged to Rs 1.66 lakh crore from Rs 1.22 lakh crore, driven by higher cost of materials consumed at Rs 90,588 crore and a sharp Rs 18,368 crore swing in inventory changes. Loss before tax stood at Rs 5,305 crore compared with a profit before tax of Rs 8,156 crore a year earlier.