BPCL Reports 4,392 Crore Net Profit in Q4 FY25
State-owned oil marketing company BPCL has reported a consolidated net profit of 4,392 crore for the fourth quarter of 2024-25 (FY25). This marks an 8.3% decline from 4,789.5 crore in the corresponding quarter of the previous financial year.
The company saw a sequential rise in net profit by 15.3% from 3,805.94 crore in the previous quarter.
BPCL announced a final dividend of 5 per share for a face value of 10. The dividend will be paid within 30 days from the date of declaration at the annual general meeting (AGM).
Revenue from operations in Q4 FY25 fell by 3.9% to 1.26 trillion. Total expenses also decreased by 2.81% to 1.21 trillion in the latest quarter.
The average gross refining margin (GRM) of BPCL for FY25 was $6.82 per barrel, compared to $14.14 in FY24. GRM is the amount refiners earn from turning every barrel of crude oil into refined fuel products.
In Q4, market sales of the state refiner stood at 13.42 million metric tonnes (MMT), slightly more than the 13.18 MMT in Q4 FY24. This represents a growth of 3.22%.
The throughput was 10.58 MMT in Q4, down from 10.36 MMT a year back.
BPCL reported a loss of 3,217.82 crore by selling domestic LPG at a price lower than its cost price in Q4.
In April 2020, the petroleum ministry instructed OMCs that if the market-determined price (MDP) of LPG cylinders is less than its effective cost to customer (ECC), they must retain the difference in a separate buffer account for future adjustment.
As of March 31, BPCL had a cumulative net negative buffer of 10,446.38 crore, resulting in revenue from the sale of LPG not being recognized.
BPCL shares rose 0.52% during intraday trading on Tuesday to 311.6.
Reference : https://www.business-standard.com/companies/quarterly-results/bpcl-q4-results-consolidated-net-profit-down-8-3-to-4-392-crore-125042901212_1.html
