BPCL posts net profit of Rs 11,940 cr in Q4, to pay final dividend of Rs 58
Privatisation-bound fuel retailer Bharat Petroleum Company Limited on Wednesday documented a return to net revenue in March quarter at Rs eleven,940 crore, which contains a person-time acquire of Rs six,993 crore, as versus net loss of Rs 1,361 crore in the year-in the past time period. Revenue before remarkable product is at Rs 5,244.5 crore.
Income from operations rose 21{d5f2c26e8a2617525656064194f8a7abd2a56a02c0e102ae4b29477986671105} to Rs ninety eight,756 crore as as opposed to Rs eighty one,296 crore in March 2020.
The firm’s board advisable closing dividend of Rs 58 per share. The business documented an boost of fifteen{d5f2c26e8a2617525656064194f8a7abd2a56a02c0e102ae4b29477986671105} in revenue and over seventeen{d5f2c26e8a2617525656064194f8a7abd2a56a02c0e102ae4b29477986671105} in EBITDA on a sequential basis.
On Wednesday, the firm’s scrip on NSE closed virtually 1{d5f2c26e8a2617525656064194f8a7abd2a56a02c0e102ae4b29477986671105} decrease at Rs 470.twenty five.
Mining-to-oil conglomerate Vedanta and personal fairness corporations Apollo World-wide and I Squared Capital’s arm Consider Gasoline are in the race to acquire governing administration stake in BPCL.
The stake sale in India’s 2nd-largest fuel retailer is crucial to ideas to raise a history Rs 1.75 lakh crore from disinvestment proceeds in fiscal 2021-22 (April 2021 to March 2022).
BPCL will give the purchaser possession of close to fifteen.33 per cent of India’s oil refining capacity and 22 per cent of the fuel marketing and advertising share.
The purchaser of the business will get 35.3 million tonnes of refining capacity — 12 million tonne Mumbai unit, fifteen.5 million tonne Kochi refinery and seven.eight million tonne Bina unit.
BPCL also owns 18,639 petrol pumps, six,166 LPG distributor companies and 61 out of 260 aviation fuel stations in the country.
The business also has upstream presence with 26 belongings in nine international locations such as Russia, Brazil, Mozambique, the UAE, Indonesia, Australia, East Timor, Israel and India. It is also building a foray into city fuel distribution and has licences for 37 geographical places (Gasoline).
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