Bharat Petroleum posts ₹3,962 crore loss in June-end quarter marred by elevated crude prices, West Asia conflict
Bharat Petroleum reported a loss of ₹3,962 crore for the June-end quarter, primarily due to high crude prices driven by the ongoing conflict in West Asia. Despite this setback, the company's revenues rose over 23% year-on-year to approximately ₹1.61 lakh crore. The financial strain reflects the broader impact of geopolitical tensions on energy costs in India.