BPCL Q4 net up 190% at Rs 4797 cr, sales up 6%, QoQ

Moneycontrol Bureau

State-run oil marketing company BPCL's fourth quarter net profit nearly trebled to Rs 4797.3 crore from Rs 1648 crore in the preceding quarter.

Analysts on an average had expected the company to post net profit of Rs 5142 crore on sales of Rs 67250 crore. 

Revenues marginally grew by 6 percent from Rs 62340 crore in third quarter to Rs 66310 crore.

BPCL has posted a consolidated net profit of Rs 1880.83 crore for the year ended March 31, 2013 as compared to Rs 780.83 crore, a year ago. Total Income has increased from 213596.23 crore for the year ended March 31, 2012 to Rs 243709.9 crore, the company said in a filing to the BSE. 

Gross refining margins stood at USD 4.97/bbl for FY13 as against USD 2.29/bbl.

The company has recommended a dividend of Rs 11 per equity share of face value Rs 10 each for the year 2012-13.

Shares of BPCL closed at Rs 378.25, down Rs 2.50 or 0.66 percent.