Mumbai :  State-run oil refiner and marketing company Bharat Petroleum (BPCL) reported a net loss of Rs 1,088.94 crore in the third quarter of the current fiscal, largely on account of under recoveries.

The city-headquartered company had posted a net profit of Rs 1,647.57 crore in the same period last year. BPCL’s total income grew to Rs 64,767 crore during the reporting period. During the nine-month period, the PSU had to absorb Rs 4,162.88 crore as under recoveries.

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