Bharat Petroleum Corporation Limited (BPCL) was trading as the top Nifty gainer in Thursday’s early session after reporting a strong earnings for the quarter ended March and large dividend announcement. Shares of BPCL hit 52-week high as it surged around 4% to ₹488 per share on the BSE.
Privatisation-bound fuel retailer on Wednesday reported a net profit of ₹11,940 crore for the quarter ended March, 2021. It had posted ₹2,777 crore profit in the previous quarter and a net loss of ₹1,361 crore in the year-ago quarter.
Ahead of the privatisation, the company’s board approved a final dividend of ₹58 per share (including one-time special dividend of ₹35 per equity share of ₹10 each) for the financial year ended March 31, 2021.
