New Delhi: State-run Bharat Petroleum Corporation Limited’s (BPCL) standalone net profit for Q3 of FY2024-25 rose 37 percent year-on-year on account of healthy marketing margins, rising from Rs 3,397.27 crore in Q3 of FY2023-24 to Rs 4,649.20 crore in Q3 of the current fiscal. On quarter-on-quarter basis, BPCL reported a growth of 94 percent in its standalone net profit. In the September quarter of the current fiscal, BPCL recorded a net profit of Rs 2,397.23 crore. However, for the nine-month period of FY25, BPCL’s profit after tax (PAT) has plummeted 55 percent, dropping from Rs 22,449.32 crore (April-December FY24) to Rs 10,061.20 crore (April-December FY25).
Revenue from operations for the quarter ending December 2024 slipped by 1.86 percent year-on-year, reaching Rs 1,27,520.50 crore compared to Rs 1,29,946.95 crore in the same period last year. BPCL has also announced an interim dividend of Rs 5 per share for FY25 and has set January 29 set as the record date for the dividend payout.
BPCL’s operating margin for the December quarter of FY25 stood at 4.19 percent as opposed to 2.98 percent in the corresponding quarter of the previous fiscal and 1.92 percent on quarter-on-quarter basis. Net profit margin for the quarter was 3.63 percent, which was higher than 2.03 percent recorded in the September 2024 quarter and 2.61 percent reported in the December quarter of FY24.
BPCL reported 20 percent rise in consolidated net profit at Rs 3,806 crore for the December quarter of FY2024-25. It reported net profit of Rs 3,181 crore in the year-ago period. On quarter-on-quarter basis, BPCL’s net profit jumped 66 percent as it posted consolidated PAT of Rs 2,297 crore in the September quarter.
The Average Gross Refining Margin (GRM) of BPCL for nine-month period between April and December of FY25 was USD 5.95 per barrel (April-December 2023: $14.72 per barrel). This is before factoring the impact of Special Additional Excise Duty and Road & Infrastructure Cess, levied with effect from July 1, 2022.
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