Bharat Petroleum Corporation (BPCL) on Wednesday reported a 37% year-on-year growth in its December quarter net profit, which stood at Rs 3,806 crore, compared to Rs 3,181 crore in the same period last year. However, this was below Street estimates of Rs 5,200 crore.
The company’s board also approved an interim dividend of Rs 5 per share. On a sequential basis, the profit after tax (PAT) surged 66%, compared to Rs 2,297 crore reported in Q2FY25.
The revenue from operations in Q3FY25 reported by the state-run company stood at Rs 1,27,520 crore, a decrease of nearly 2% compared to Rs 1,29,947 crore in the corresponding quarter of the previous financial year.
Meanwhile, on a QoQ basis, revenue from operations surged by 81% compared to Rs 1,17,949 crore reported in the July-September quarter.
The company has fixed Wednesday, January 29, 2025, as the record date to determine the eligibility of shareholders to receive the interim dividend.
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