LAST UPDATED: May 27, 2021, 12:14 p.m.
New Delhi (Anish Yande): Shares of Bharat Petroleum Corporation Ltd rose on Thursday’s trading session following the announcement of results for the March quarter of 2021. BPCL shares surged 2 per cent to hit a new 52-week high on Thursday. Bharat Petroleum Corporation Ltd shares opened at Rs 485 per share rising to an intraday high of Rs 488 per share from the previous close of Rs 472.20 per share.
Bharat Petroleum Corporation Ltd net profit doubles in Q4:
Bharat Petroleum Corporation Ltd posted a net loss of Rs 1,361 crore in the March quarter of FY20. The fuel retailer’s net profit grew to Rs 11,940 crore in Q4 FY21.
For the fiscal year 2020-21, Bharat Petroleum Corporation Ltd’s net profit has increased to Rs 19,041.67 crore. The net profit was of the clothing company was recorded at Rs 2,683.19 crore in the previous year. The net profit of BPCL rose by 372.47 per cent.
Its revenue from operations was at Rs 81,296 crore in the corresponding quarter of the year-ago period. Income from operations rose to Rs 98,756 crore in Q4 FY21. The revenue from operations grew by 21 per cent on a year-on-year basis.
The total income of BPCL rose to Rs 1,00,419.63 crore in the March quarter of 2021. The total income of the fuel retailer was recorded at Rs 82,452.99 crore seen in the same quarter of the previous year.
BPCL’s EBITDA rises to Rs 27,923 in March quarter:
BPCL’s EBITDA rose to Rs 27,923.99 crore in the quarter ended March 2021. The EBITDA margins improved at 9 per cent in FY21 and 14 per cent in March quarter 2021.
In Q4 FY21, BPCL established 2,444 New Fuel Stations, which led to a network strength of 18,637. Bharat Petroleum Corporation Ltd owns 6,166 LPG distributor agencies, over 18,000 petrol pumps, and 61 aviation fuel stations in India.
The company’s board of directors approved a final dividend of Rs 58 per share along with a one-time special dividend of Rs 35 per equity share. The dividend amounts to Rs 12,581.66 crore with a special dividend of Rs 7592.38 crore.
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