iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

BPCL Q3: Revenue Rises, But Earnings Halved, Profits Plunge

29 Jan 2024 , 03:16 PM

State-run Bharat Petroleum Corporation Ltd. (BPCL) reported Q3 numbers that fell below expectations, highlighting a mixed financial performance for the October-December period.

While revenue for the quarter increased to ₹1.15 lakh crore, compared to ₹1.03 lakh crore in the preceding September quarter, the Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) saw a significant decline. EBITDA halved, dropping by 52% to ₹6,225 crore from ₹12,908 crore in the September quarter. The EBITDA margin for the quarter also witnessed a notable decrease, falling to 5.4% from 12.5% in the last quarter.

The net profit for the period showed a substantial decline of 60%, amounting to ₹3,397 crore as opposed to ₹8,501 crore in the previous quarter. The reported figure was also lower than the estimated ₹3,677 crore.

The Calculated Gross Refining Margin (GRM) for the quarter was $13.3 per barrel, surpassing estimates of $11.7 per barrel. On the retail front, the blended margin for petrol and diesel was ₹2.8 per litre during the quarter, while the marketing margin declined to ₹4,009 from ₹5,598 in the September quarter.

Despite the mixed financial results, shares of BPCL are currently trading 4.2% higher at ₹494.25. 

Related Tags

  • BPCL Q3
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.