business
breaking news Bpcl Q4 results | Net profit soars 159% on marketing margins, Rs 4 dividend declared
The company beat net profit estimates by a huge margin. Shares of Bharat Petroleum Corporation Ltd ended at Rs 361.50, up Rs 1.20, or 0.33% on BSE.
On Monday, May 22, state-owned Bharat Petroleum Corporation Ltd (BPCL) announced a 159% increase in net profit year-on-year (YoY) to Rs 6,477.7 crore for the fourth quarter ended March 31, 2023, on the back of a recovery in fuel marketing margins.
In the corresponding quarter of last year, the company recorded a net profit of Rs 2,501 crore. CNBC-TV18 Polls had predicted a profit of Rs 3,981 crore for the quarter under review.
In the March quarter, operating revenue stood at Rs 1.18 lakh crore compared to Rs 1.23 lakh crore in the corresponding period of the previous fiscal year. CNBC-TV18 Polls had predicted revenue of Rs 1.08 lakh crore for the quarter under review.
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