IndianOil, BPCL, and HPCL are set to achieve remarkable profits during the July-September quarter, showca ...More

IndianOil, BPCL, and HPCL are set to achieve remarkable profits during the July-September quarter, showcasing a stark recovery from their previous quarter's losses. This impressive financial rebound is attributed to robust refining and marketing margins. Collectively, these companies anticipate a combined profit of ₹14,470 crore, provided that current market conditions remain stable until the end of September. ...Less

Nestle India shares reached a record high after a strong June quarter performance. Revenue growth acceler ...More

Nestle India shares reached a record high after a strong June quarter performance. Revenue growth accelerated significantly year-on-year, reaching 25.2 percent. However, operating margins moderated sequentially due to increased advertising investments. Exports also showed steady growth, driven by market penetration and product additions. The company anticipates continued healthy demand supported by premiumization and innovation. ...Less

BPCL Q2 Results: State-owned BPCL reported a standalone net profit of Rs 2,397 crore for the second quart ...More

BPCL Q2 Results: State-owned BPCL reported a standalone net profit of Rs 2,397 crore for the second quarter ending September 2024, marking a 72% decline from Rs 8,501 crore in the same quarter last year. ...Less

Net sales for the quarter rose to 61,757.4 crore, up 8.6 per cent, against Rs 56,859.5 crore in the corre ...More

Net sales for the quarter rose to 61,757.4 crore, up 8.6 per cent, against Rs 56,859.5 crore in the corresponding quarter last fiscal. ...Less

BPCL posted a 170% YoY surge in consolidated net profit to Rs 6,191 crore in Q2FY26, driven by higher ref ...More

BPCL posted a 170% YoY surge in consolidated net profit to Rs 6,191 crore in Q2FY26, driven by higher refining margins and lower expenses. Revenue rose 3% to Rs 1.21 lakh crore, while the PSU announced a Rs 7.5 interim dividend. ...Less

Shares of BPCL hit a 52-week high on the NSE, rising 5% following its Q3 earnings. The company plans to i ...More

Shares of BPCL hit a 52-week high on the NSE, rising 5% following its Q3 earnings. The company plans to invest Rs 1.5-1.7 lakh crore in capex over the next 5 years. BPCL is well-positioned for the Mozambique gas project and is unaffected by the Red Sea crisis. The company expects oil prices at $80-$90/BBL in the next 6 months. Citi retains its 'buy' rating with a price target of Rs 560. Motilal Oswal maintains a 'neutral' view on the stock. ...Less

The Q2 net loss has, however, narrowed sharply from a loss of Rs 6,147.94 crore recorded in the June 2022 ...More

The Q2 net loss has, however, narrowed sharply from a loss of Rs 6,147.94 crore recorded in the June 2022 quarter ...Less

LIC has pared its stake in BPCL from 8.75% to 6.75% even as the state-run refiner delivered a strong Q2FY ...More

LIC has pared its stake in BPCL from 8.75% to 6.75% even as the state-run refiner delivered a strong Q2FY26 performance. BPCL’s net profit surged 169% to Rs 6,442 crore, supported by higher refining margins and steady fuel demand. Revenue rose 3%, while refineries operated at 111% capacity with modest sales growth ...Less