BPCL Q4 net profit rises 16% to ₹3,125 cr; revenue up 10% at ₹83,942 cr
State-run Bharat Petroleum Corporation Ltd today posted a 16% increase in net profit at ₹3,125 crore for the quarter ended 31 March, 2019. The company had posted a profit of ₹2,689 crore in the corresponding quarter last year.
Revenue rose 10% to ₹83,942 crore from ₹76,080 crore in the year-ago period.
During the quarter, Ebitda (earnings before interest, taxes, depreciation, and amortization) margins increased 5.7% as against 4.9% in the year-ago period. Ebitda came in at ₹4,805 crore as compared to ₹3,746 crore in March 2018.
The company’s gross refining margin came in at $4.58 per barrel for the full financial year as against $6.85 in the last fiscal. BPCL said it has decided to transfer its gas business into a separate wholly owned subsidiary named Bharat Gas Resources Ltd. The board has recommended a final dividend of ₹8 per share.
