Preview of BPCL Q4 FY24 Results: On Thursday, May 9, state-run Bharat Petroleum Corporation Ltd (BPCL) is scheduled to release its financial results for the quarter and the year that concluded on March 31, 2024. Due to an increasing gross refining margin (GRM), analysts anticipate that PSU OMC would post a solid financial performance during the last three months of FY24.
q4 result out now.
Preview of BPCL Q4 FY24 Results:
Bharat Petroleum Corporation Ltd (BPCL), a state-run oil marketing corporation (OMC), is scheduled to release its financial results on May 9 for the quarter and the year that ended on March 31, 2024. Analysts predict that PSU OMC will post a solid financial result.
driven by a consistent increase in revenue and a greater gross refining margin (GRM) during the January–March period. stock news research projects that BPCL will report a stand-alone net profit of Rs 5,474 crore for the March quarter, which would represent an increase of 61.1% over the preceding three months. The PSU’s revenue for the fourth quarter is predicted by analysts to rise 4.7% sequentially to Rs 1,20,970 crore.
The research projects that Bharat Petroleum’s quarterly EBITDA would increase by 46.9 percent sequentially to Rs 9,146 crore, and that its margin—a crucial indicator of profitability—will remain unchanged at 7.56 percent, an increase of 256 basis points.
The amount of money a business makes from turning every gasoline from a barrel of crude oil. Better profitability and operational performance are indicated by a greater GRM, and vice versa.
Stock 24 news analysts predict that the OMC’s gross refining margin, which is a crucial indicator of profitability for companies involved in oil refining, would increase from $13.4 per barrel in the fiscal third quarter to $14.3 per barrel in the January–March period.
BPCL Q3 FY24 Results: An overview
BPCL Shares:
According to a regulatory filing, the state-run OMC recorded a 61.4 percent quarter-over-quarter decline in standalone net profit to Rs 3,181.4 crore for the October–December period.
Compared to Rs 1,16,657.3 crore for the preceding three months, its revenue for the December quarter was Rs 1,29,984.8 crore.
Stock news analysts projected that BPCL will make Rs 3,155 crore in profit and Rs 1,05,950 in revenue in the third quarter. crore.
BPCL shares: Historical results
As of May 8, investors had gained 69% on BPCL shares over the course of a year, far outpacing a 22% increase in the Nifty50 index and tracking a 64% increase in the Nifty Energy gauge.
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