Bharat Petroleum Corporation Ltd Q2FY17
Standalone Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||2.6||3|
|Net Profit (adjusted)||1,305||26.1|
Bharat Petroleum Corporation Ltd’s Q2FY17 result beats top-line and misses bottom-line market consensus. The street was expecting top-line decline of ~7.8% yoy and bottom-line to grow by ~51.8% yoy.
The consolidated net revenue for the quarter grew by 0.7% yoy to Rs 52867 cr.
The consolidated EBITDA grew by 1.8% yoy to Rs 1381 cr due to lower purchases of stock-in-trade and lower purchase of raw materials. The consolidated EBITDA margin grew by 3 bps yoy and stood at 2.6% in Q2FY17 against 2.58% of previous quarter.
The consolidated net profit grew by 26.1% yoy to Rs 1305 cr against Rs 1035 cr of last quarter due to higher other income of Rs 328 cr.
Bharat Petroleum Corporation Ltd is currently trading at Rs. 624.5, down by 24.95 points or 3.84% from its previous closing of Rs. 649.45 on the BSE.
The scrip opened at Rs. 646.3 and has touched a high and low of Rs. 652.15 and Rs. 621.4 respectively. So far 2943254(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.
BSE 653.80 9.20 (1.43%)
NSE 655.05 10.05 (1.56%)
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