BPCL Q4 Results: Net Profit falls 30% to ₹4,789 Crore YoY

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Synopsis:

Q4FY24 saw new developments for Bharat Petroleum Corporation. With a considerable fall of 30% in its net profit for the quarter and a marginal fall in revenue, the company’s board of directors recommended a final dividend of ₹21 per equity share (pre-bonus)

5 Key Financial Highlights

Though Q4FY24 has recorded some interesting numbers for the company, here are some of the main highlights from the Bharat Petroleum Corporation Q4 Results:

  • Revenue from operations at ₹1,32,086.86 Crore down from ₹1,33,419.56 Crore in Q4FY23 

  • Profit Before Tax at ₹6,669.25 Crore down from ₹8,854.50 Crore Q4FY23

  • Profit After Tax for Q4 ₹4,789.57 Crore down from ₹6,870.47 Crore in Q4FY23

  • Revenue for FY24 at ₹5,06,992.60 Crore down from ₹5,33,547.29 Crore in FY23

  • Profit  After Tax for FY24 at ₹26,858.84 Crore up from ₹2,131.05 Crore in FY23

Explore: Bharat Petroleum Corp Share Price

Key Business Updates:

  • The Board of Directors has recommended a final dividend of Rs. 21/- per equity share of face value of Rs.10/-each (pre-bonus)

  • The market sales for the company for FY24 was 51.04 MMT up from 48.92 MMT in FY23

  • For Q4FY24, the company’s throughput was 10.36 million metric tonnes (MMT), down from 10.63 MMT in Q4FY23

  • BPCL added 308 new fuel stations in Q4 thus reaching a total of 21,840 stations

  • The company also commissioned 323 new CNG stations, now reaching a total of 2031 CNG stations 

Additional Read: Bharat Petroleum Corporation Ltd

 

Profitability Analysis:

Though the Q4FY24 numbers might have spelled out little in terms of profitability for Bharat Petroleum Corporation, some of their numbers plus the ongoing projects can make for a positive outlook where FY25 is concerned. With a considerable fall of 30% in its net profit for the quarter and a marginal fall in revenue, the company’s board of directors still recommended a final dividend of ₹21 per equity share (pre-bonus). Net Profit for FY24 however came to ₹26,858.84 up from ₹2,131.05 in FY23. To add to this, Bharat Petroleum Corporation has added new fuel stations and CNG stations to its portfolio as well.  

Additional Read: Quarterly Results

Major Operational Metrics - Consolidated Q4 (FY2023-24) Financial Results of Bharat Petroleum Corporation  (in ₹ Crore)


Metrics

For Quarter Ended

For Year Ended

Q4FY24

Q3FY24

Q4FY23

FY24

FY23

Revenue From Operations

1,32,086.86

1,29,984.84

1,33,419.56

5,06,992.60

5,33,547.29

PBT

6,669.25

4,366.94

8,854.50

36,194.44

2,821.13 

Profit for the period

4,789.57

3,181.42

6,870.47

26,858.84

2,131.05

Total Comprehensive income for the period

5,707.40

3,044.02

5,405.11

27,071.65

2,892.34

The Future of Bharat Petroleum Corporation 

Even with the results showing that there has not been much in terms of profitability, there is no denying that the company has grown in Q4FY24. Bharat Petroleum Corporation has added 308 new fuel stations in Q4 alone and has brought the total number of fuel stations to 21,840. Apart from this, the company has also commissioned 323 new CNG stations, which, in turn, has led to the establishment of a total of 2031 CNG stations. With these numbers in mind, BPCL remains positive about the developments of FY25. 

Additional Read: SBI Q4 Results

Conclusion

Q4FY24 definitely saw new developments for Bharat Petroleum Corporation. But even with the fall in net profit for the quarter, the company did see considerable growth in its FY24 profit when compared to FY23. The company’s board of directors also saw this as an opportunity and recommended a final dividend of ₹21 per equity share (pre-bonus). 

About the company:

Bharat Petroleum Corporation or BPCL is an Indian PSU or Public Sector Undertaking under the Ministry of Petroleum and Natural Gas, Government of India. The company manages and operates three refineries in the country; one in Bina, one in Kochi and the last in Mumbai. Bharat Petroleum Corporation happens to be India's second-largest government-owned downstream oil producer which operates under the Ministry of Petroleum and Natural Gas. The company has also earned a rank of 309th on the Fortune list of the world's biggest PSUs in 2020, and the 1052nd rank on Forbes's "Global 2000" list in 2023.

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Frequently Asked Questions

What was the revenue that Bharat Petroleum Corporation has been able to make in Q4?

Answer Field

Bharat Petroleum Corporation had a revenue from operations at ₹1,32,086.86 Crore down from ₹1,33,419.56 Crore in Q4FY23. 

 

What was Bharat Petroleum Corporation’s PAT for both Q4 and FY24?

Answer Field

Where on the one hand Profit After Tax for Q4 stood at ₹4,789.57 Crore down from ₹6,870.47 Crore in Q4FY23, the company’s Profit  After Tax for FY24 came to ₹26,858.84 Crore up from ₹2,131.05 Crore in FY23.

What are some of the main business updates for Bharat Petroleum Corporation?

Answer Field

Despite the numbers that were reflected in Bharat Petroleum Corporation’s Q4 results, there were a couple of business updates that the company saw in FY24 as well. Here is a list of some of them :

  • The Board of Directors has recommended a final dividend of Rs. 21/- per equity share of face value of Rs.10/-each (pre-bonus)

  • The market sales for the company for FY24 was 51.04 MMT up from 48.92 MMT in FY23

  • For Q4FY24, the company’s throughput was 10.36 million metric tonnes (MMT), down from 10.63 MMT in Q4FY23

  • BPCL added 308 new fuel stations in Q4 thus reaching a total of 21,840 stations

  • The company also commissioned 323 new CNG stations, now reaching a total of 2031 CNG stations

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