Bharat Petroleum Corporation Ltd (BPCL) has announced a consolidated net profit of ₹2,805 crore for the quarter ended 31 December 2021. This is a rise of 47% from a year-ago period. Income from operations surged up to 35% to ₹1.17 trillion in the third quarter as compared to ₹87,292 crore in the same quarter last year.
The petroleum major told its Board of Directors also announced a second interim dividend of Rs 5 per share for the Financial Year 2021-22. On Monday, before the results, BPCL shares surged up to 3.75% to stop at ₹396.85 on NSE. Moreover, the company’s Board has fixed Friday, 11 February 2022 as the record date to deduce the eligibility of the shareholders to receive the told interim dividend. On a standalone purpose, the company’s net profit fell 11% year-on-year to ₹2,462 crore during the third quarter.
During the quarter, the operating margin of the firm stood at 3.04 per cent compared to 3.41 per cent in Q2FY22 and 3.79 per cent in Q3FY21. The net profit margin was at 2.38 per cent against the 3.14 per cent and 2.18 per cent, respectively.
The Average Gross Refining Margin (GRM) during nine months ending on 31 December 2021 is $6.78 per barrel as against $2.90 per barrel in April-December 2020 period. The market sales during the nine months duration, however, came in at 30.69 MMT as compared to 27.57 MMT during last year period.
