NEW DELHI: State-owned fuel major Bharat Petroleum Company (BPCL) on Monday reported a consolidated net profit of Rs 2,805.09 crore for the December quarter, up 47.63 per cent against a profit of Rs 1,900.63 crore in the same quarter last year.
The total revenue from operations came in at Rs 1,17,702.59 crore, up 34.83 per cent against Rs 87,292.62 crore in the corresponding quarter last year.
This was against Rs 3,082 profit projected in ET Now Poll.
The petroleum major said its Board of Directors also declared a second interim dividend of Rs 5 per share for the Financial Year 2021-22. The Board fixed Friday, February 11 as the record date to determine the eligibility of the shareholders to receive the dividend.
During the quarter, the operating margin of the company stood at 3.04 per cent against 3.41 per cent in Q2FY22 and 3.79 per cent in Q3FY21. The net profit margin was at 2.38 per cent compared to 3.14 per cent and 2.18 per cent, respectively.
The average gross refining margin (GRM) of the corporation during the nine months period ended December 2021 was $6.78 per barrel against $2.9 per barrel during April – December 2020.
“The market sales of the corporation for the nine months ended December 2021 was 30.69 MMT as compared to 27.57 MMT achieved during the nine months ended December 2020. The increase is mainly in MS-Retail (16.71 per cent), HSD-Retail (7.81 per cent) and ATF (43.52 per cent),” the company said.
