BPCL Q1 results: Standalone net profit nosedives 71% to Rs 3,015 crore on higher crude price, weak GRMs

The decline in profit comes amid weak gross refining margins (GRMs) and higher crude oil prices due to geopolitical tensions. Sequentially, net profit declined around 29 percent as the company clocked in profit of Rs 4,224 crore in the fourth quarter of FY24. 
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