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  1. BPCL Q4 Results LIVE: Net profit falls 30% YoY to ₹4,789 crore, company announces 1:1 bonus issue

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BPCL Q4 Results LIVE: Net profit falls 30% YoY to ₹4,789 crore, company announces 1:1 bonus issue

Upstox

5 min read | Updated on May 09, 2024, 18:53 IST

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SUMMARY

BPCL Q4 Results LIVE: Oil refining and fuel marketing company Bharat Petroleum Corporation Limited (BPCL) posted a 30% YoY drop in its consolidated net profit at ₹4,789 crore in the quarter ended March 2024.

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Bharat Petroleum Corporation Limited Q4 results

BPCL Q4 Results Live Update at 6:30 pm: BPCL announces 1:1 bonus issue and dividend of ₹21 per share.
  • State-run oil refiner announced a bonus issue of shares in the ratio of 1:1, which means BPCL shareholders will get 1 additional share for every 1 share held.

  • The company’s board has fixed Saturday, 22nd June 2024 as record date to determine the eligibility of shareholders to receive bonus shares.

  • Along with the bonus issue, the company also declared a final dividend of ₹21 per share.

  • The final dividend would be paid within 30 days from the date of its declaration at the AGM

BPCL Q4 Results Live Update at 6:20 pm: The company’s revenue from operations fell marginally to ₹1.32 lakh crore during the fourth quarter compared to ₹1.33 lakh crore last year.
BPCL Q4 Results Live Update at 6:15 pm: State-run BPCL posted a 30% drop in its consolidated net profit at ₹4,789 crore in the quarter ended March 2024, compared with ₹ 6,870 crore in the last-year period.
BPCL Q4 Results Live Update at 5:04 pm: Q4FY24 post results conference call

Bharat Petroleum has informed that it will be holding Q4 FY24 post results conference call on Friday, May 10, 2024 at 11.00 am.

BPCL Q4 Results Live Update at 4:20 pm: Bharat Petroleum Corporation Limited to announce Q4 FY24 results shortly.
BPCL Q4 Results Live Update at 3:45 pm: Shares of Bharat Petroleum Corporation Limited closed 4.5% lower at ₹592 on Thursday ahead of results for January-March quarter of FY24.
BPCL Q4 Results Live Update at 3:03 pm: Trading stats
  • Share price: ₹595 (-4%)
  • Open: ₹625
  • High: ₹625
  • Low: ₹592
  • Previous close: ₹620
  • Total Market Cap: ₹1,29,070.54 crore
  • Free Float Market Cap: ₹56,805.35 crore
BPCL Q4 Results Live Update at 2:42 pm: Recent announcements
  • BPCL to construct ATF pipeline from Piyala to Noida International Airport
  • BPCL secures 5th spot in Business World Real 500: Leading the Change
  • BPCL announces successful implementation an innovative air purification project aimed at addressing air pollution in Mumbai
BPCL Q4 Results Live Update at 2:09 pm: Shares of the company were down 2.7% to trade at ₹603.4 on the NSE ahead of Q4 FY24 results.
BPCL Q4 Results Live Update at 1:28 pm: About BPCL's R&D department

BPCL Corporate Research & Development Centre (CRDC), which is a premier research institution in the country, is an R&D Centre recognised by the Department of Scientific and Industrial Research. Located at Greater Noida, the centre was established in 2001.

CRDC has developed numerous cutting-edge technologies and innovative products and processes, to advance company’s profitability and reduce the environmental footprint.

BPCL Q4 Results Live Update at 12:49 pm: Trading stats
  • Share price: ₹607 (-2%)
  • Open: ₹625
  • High: ₹625
  • Low: ₹606
  • Previous close: ₹620
  • Total Market Cap: ₹1,31,684.49 crore
  • Free Float Market Cap: ₹57,955.49 crore
BPCL Q4 Results Live Update at 12:12 pm: Based on a poll conducted by CNBC-TV18, BPCL is expected to report a net profit of approximately ₹5,460 crore in the fourth quarter of the financial year 2023-24. This is a significant increase from the net profit of ₹3,400 crore reported in the same quarter of the previous financial year. The revenue is expected to be around ₹1.15 lakh crore.
BPCL Q4 Results Live Update at 11:44 am: Shares of oil refining and fuel marketing company were trading 1.5% lower at ₹610 on the NSE ahead of results for quarter ended on March 31, 2024.
BPCL Q4 Results Live Update at 11:11 am: Board of Directors
  • G Krishnakumar- Chairman & Managing Director
  • Vetsa Ramakrishna Gupta- Director (Finance)
  • Sanjay Khanna- Director (Refineries)
  • Sukhmal Kumar Jain- Director (Marketing)
  • Raj Kumar Dubey- Director (HR)
  • Kamini Chauhan Ratan- Government Director
  • Suman Billa- Government Director
  • Pradeep Agrawal- Independent Director
  • Dr Aiswarya Biswal- Independent Director
  • Prof (Dr) Bhagwati P Saraswat- Independent Director
  • Ghanshyam Sher- Independent Director
  • Gopal Krishna Agarwal- Independent Director
  • Dr Sushma Agarwal- Independent Director
BPCL Q4 Results Live Update at 10:46 am: Businesses
  • Fuel and services
  • Bharatgas
  • MAK Lubricants
  • Refineries
  • Gas
  • Industrial and commerical
  • International trade
  • Proficiency testing
BPCL Q4 Results Live Update at 10:11 am: Trading stats
  • Share price: ₹613 (1%)
  • Open: ₹625
  • High: ₹625
  • Low: ₹608
  • Previous close: ₹620
  • Total Market Cap: ₹1,33,105.35 crore
  • Free Float Market Cap: ₹58,466.13 crore
BPCL Q4 Results Live Update at 9:23 am: Shares of oil refining and fuel marketing company were trading 1.1% lower at ₹613 on the NSE ahead of Q4 FY24 results.

BPCL Q4 Results LIVE: Oil refining and fuel marketing company Bharat Petroleum Corporation Limited (BPCL) will release its results for the fourth quarter ended on March 31, 2024 on Thursday, May 9.

BPCL is one of India's largest state-run oil and gas companies. It operations, which are overseen by the Ministry of Petroleum and Natural Gas, include refining, marketing, and distribution of petroleum products. BPCL's refineries are located in Mumbai, Bina and Kochi.

Other companies that will declare their Q4 results today include Asian Paints, State Bank of India, Hindustan Petroleum Corporation, Indian Overseas Bank, Punjab National Bank, Gopal Snacks, Orient Electric, Mahanagar Gas, Relaxo Footwears, TVS Electronics, Suryoday Small Finance Bank, Venus Pipes & Tubes, Abbott India and Alkyl Amines Chemicals.
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