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BPCL Q3 results: Net profit rises 37% YoY to ₹4,649 crore, revenue falls 2%
2 min read | Updated on January 22, 2025, 20:53 IST
SUMMARY
BPCL, on Wednesday, reported a 37% YoY increase in its net profit. The state-owned oil marketing company also announced an interim dividend and plans to invest approximately $121 million in oil and gas reserves in Indonesia.
Stock list
Shares of BPCL closed at ₹278.30, down 0.68% on the NSE. However, the Q3 results were announced after the market hours.
However, its revenue from operations slipped 1.86% YoY to ₹1.28 lakh crore in the December quarter, compared to ₹1.30 lakh crore a year ago.
Interim dividend ₹5 announced
BPCL’s board of directors also declared an interim dividend of ₹5 per equity share with a face value of ₹50 each. The record date has been fixed as Wednesday, January 9.
The company said that the dividend will be paid before February 20.
Investment in Indonesia’s Nunukan block
The BPCL board approved the submission of a development plan to the Indonesian regulator for developing the Nunukan block for oil and gas reserves, the company said in a regulatory filing.
The plan will require an estimated $121 million in investment, once it gets approval from the regulator.
The company’s step-down subsidiary, BPRL Ventures Indonesia BV, holds a 16.23% participating interest in the block, the company said in a regulatory filing.
Shares of BPCL closed at ₹278.30, down 0.68% on the NSE. However, the Q3 results were announced after the market hours.
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