BPCL's Q4FY18 standalone net profit rises 45.17% yoy to Rs2,673.64cr : Beats Estimates

The company’s standalone revenue stood at Rs65,239.31cr, up 14.38% yoy.

May 29, 2018 04:05 IST India Infoline Research Team

Bharat Petroleum Corporation Ltd Q4FY18

Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 65,239.31 14.4
EBITDA 3,721.56 68.2
EBITDA Margin (%) 5.7 182
Net Profit 2,673.64 45.2
***EBITDA margin change is bps


Reco. Price


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Bharat Petroleum Corporation Ltd (BPCL) reported Q4FY18 results beating the consensus estimates. Net revenue (Net of excise duty) grew by 14.4% yoy to Rs65,239.31cr against Rs57,036.48cr in Q4FY17. EBITDA stood at Rs3,721.56cr, up 68% yoy against Rs2,212.27cr in Q4FY17, beating the consensus estimate by 13%. EBIDTA margin expanded by ~182bps yoy to 5.7%. Net Profit grew by 45.2% yoy to Rs2,673.64cr against Rs1,841.68cr last year, beating the estimate by 24%.

• CrudeThroughput increased by 30.4% yoy to 7.85MMT in Q4FY18.
• The market sales for FY18 was higher at 41.21MMT when compared to 37.68 MMT achieved during the previous year. Increase is mainly in MS - Retail (8.86%), HSD - Retail (5.62%) and LPG (9.86%).
• The Average Gross Refining Margin (GRM) for Q4FY18 is $ 6.51/bbl as compared to $6.01/bbl last year.
• The Board has declared final dividend of Rs7 per equity share (Face Value: Rs10 per equity share).

Technical View:

Bharat Petroleum Corporation Ltd is currently trading at Rs. 405.45, up by 4.5 points or 1.12% from its previous closing of Rs. 400.95 on the BSE.
The scrip opened at Rs. 402.90 and has touched a high and low of Rs. 410 and Rs. 401 respectively. So far 50,95,227 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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