Bharat Petroleum Corporation Limited (BPCL) on April 29 reported 24 percent decline in consolidated net profit at Rs 3,214 crore for the quarter ended March 31, on account of weak GRMs and LPG under-recovery. It reported net profit of Rs 4,224 crore in the year-ago period.
The state-run oil retailer's net profit fell 15.5 percent sequentially, as it posted profit of Rs 3,805 crore in the December quarter. BPCL's revenue from operations decreased 4 percent to Rs 1.27 lakh crore in Q4FY25 as against Rs 1.32 lakh crore in the year-ago period.
The average Gross Refining Margin (GRM) of BPCL in the fiscal ended March 31 (FY25) was $6.82 per barrel, much lower than $14.14 per barrel reported in FY24, the company said. Meanwhile, the company has under-recovery on the sale of LPG cylinders to the tune of Rs 10,446.38 crore as on March 31, 2025.
The refinery throughput of the company was 10.58 million metric tonne (MMT) during the quarter, compared to 10.36 MMT last year.
On the marketing front, quarterly market sales of BPCL grew almost 1.82 percent at 13.42 MMT during Jan-Mar 2025 from 13.18 MMT in last year. Exports in the quarter came in at 0.30 MMT.
On April 29, BPCL shares on BSE closed 0.3 percent higher at Rs 311 apiece.
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