Privatisation-bound fuel retailer Bharat Petroleum Corporation Limited on Wednesday reported a return to net profit in March quarter at Rs 11,940 crore, which includes one-time gain of Rs 6,993 crore, as against net loss of Rs 1,361 crore in the year-ago period. Profit before exceptional item is at Rs 5,244.5 crore.
Revenue from operations rose 21% to Rs 98,756 crore as compared to Rs 81,296 crore in March 2020.
The company’s board recommended final dividend of Rs 58 per share. The company reported an increase of 15% in revenue and over 17% in EBITDA on a sequential basis.
The total income of the company during Q4 FY21 saw a robust jump to Rs 1,00,419.63 crore from Rs 82,452.99 crore seen in the same quarter of previous year.
