Bharat Petroleum Corporation Limited

Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector undertaking (PSU) under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It operates three refineries in Bina, Kochi and Mumbai. BPCL is India’s second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas.

Key Business,

• Fuel & Services
• Bharat gas
• MAK Lubricants
• Refineries
• Gas
• Industrial & Commercial
• International Trade
• Proficiency Testing

Financial Performance

Synopsis of Financials

• Due to rising demand in factories and transportation.
• BPCL has registered the highest-ever quarterly EBITDA, profit after tax, and total equity in Q1 FY24.
• Revenue from operations in Q1 was Rs. 1,28,257 crores, and profit after tax was Rs. 10,551 crores.

Final Outlook

For the March quarter, BPCL recorded a net profit more than doubling to Rs 6,478 crore, driven by improved refining and fuel marketing margins. The increase in net profit for the fourth quarter enabled the company to report a net profit for FY23 of Rs 1,870.10 crore, offsetting the losses incurred in the first half of the year due to maintaining the prices of gasoline, diesel, and LPG in spite of a spike in expenses. BPCL’s operating cash flow declined 36 per cent YoY to Rs 13,400 crore on subdued operations. Notably, the price of Brent crude oil, which stood at the $70-75 per barrel range in June, escalated to surpass $95 per barrel by the close of September. Markets are anticipating that these OMCs’ share prices may surge in the near future due to several factors at play, including Israel-Hamas Conflict.

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