Bharat Petroleum, one of the premier integrated energy companies in India, has posted a net profit of Rs. 3,014.77 Crores in April – June 24, as compared to the profit of Rs. 10,550.88 Crores in the corresponding period of FY 23-24.
Major highlights of the financial results are given below –
- Company maintains a healthy gross refining margins (GRM) for the period Apr – Jun 2024 was $7.86/bbl Vs $12.64/bbl in the corresponding comparative period.
- EBITDA for current quarter of FY 24-25 is Rs. 6,156.28 Crores Vs Rs. 16,301.77 Crores in corresponding quarter of FY 23-24; EBITDA margin was at 4.81% in current quarter of FY 24-25 Vs 12.71% in Q1 FY 23-24.
- Debt-Equity ratio as on June 30, 2024 was at 19x (as against 0.45x as on June 30, 2023)
Physical Performance
- Market Sales was 16 MMT in Q1 FY 24-25 Vs 12.75 MMT in Q1 of FY 23-24. Sales has grown by 3.22%.
- In the current quarter, the throughput was 10.11 MMT Vs 10.36 MMT in Q1 of FY 23-24.
- We have achieved our highest ever Average Ethanol Blending percentage of 14.14% during Q1 FY 24-25.
- BPCL added 171 New Fuel Stations in Q1 FY24-25, taking their network strength to 22011.
- BPCL added 5 new distributors, taking LPG distributor network strength to 6255 and the customer base increased to 9.33 Crore
- 35 CNG Stations commissioned in Q1 FY24-25 taking the total CNG stations as on 30th Jun 2024 to 2064.
Q1 FY 2024-25 FINANCIAL HIGHLIGHTS
(Rs. Crs)
Consolidated | Standalone | |||||
Q1FY25 | Q1FY24 | % Change | Q1FY25 | Q1FY24 | % Change | |
Revenue from Operations | 1,28,106 | 1,28,264 | (0.12%) | 1,28,103 | 1,28,257 | (0.12%) |
EBITDA | 6,434 | 16,788 | (61.68%) | 6,156 | 16,302 | (62.24%) |
Net Profit | 2,842 | 10,644 | (73.30%) | 3,015 | 10,551 | (71.42%) |