BPCL reported a strong Q1FY24 with EBITDA of INR 149.6bn and recurring PAT of INR 99.2bn, up 34%/32% QoQ respectively, and materially ahead of the operating loss of Rs59bn and net loss of INR 62.9bn in Q1FY23 (I-Sec: EBITDA INR 107bn, PAT INR 66.3bn).