Tuesday, 30 November, 2021
HomeBusinessBPCL Net Profit Rises 24% To Rs 3,200 Crore In September Quarter

BPCL Net Profit Rises 24% To Rs 3,200 Crore In September Quarter

BPCL Q2 Outcomes: Web revenue stood at Rs 3,200 crore within the September quarter

State-run oil refiner Bharat Petroleum Company Restricted (BPCL) introduced its July-September quarter outcomes, reporting a web revenue of Rs 3,200 crore on a consolidated foundation, in comparison with Rs 2,589 crore within the corresponding interval final 12 months, marking a progress of 23.6 per cent year-on-year.

The privatisation-bound oil refiner’s income from operations within the second quarter of the present fiscal stood at Rs 1.02 lakh crore, in comparison with Rs 66,331 crore within the corresponding interval final 12 months, registering a progress of 53.7 per cent year-on-year.

The corporate’s board declared an interim dividend of Rs 5 per fairness share of face worth Rs 10 every – 50 per cent on the paid-up fairness share capital of the corporate for the monetary 12 months 2021-22.

The board mounted November 12 because the document date to find out the eligibility of shareholders to obtain the interim dividend. The dividend will probably be paid on or earlier than November 27, in keeping with a regulatory submitting by Bharat Petroleum to the inventory exchanges at present.

In March, Bharat Petroleum had offered its total 61.5 per cent stake in Numaligarh Refinery in Assam to a consortium of Oil India Restricted and Engineers India and the Assam authorities for Rs 9,876 crore. The federal government is promoting its total 52.98 per cent stake in Bharat Petroleum.

Not too long ago, the DIPAM Secretary introduced that the federal government obtained a remaining dividend of Rs 6,665 crore from Bharat Petroleum for the 2020-21 fiscal.

On Friday, October 29, shares of BPCL settled 0.77 per cent decrease at Rs 417.75 apiece on the BSE. Bharat Petroleum opened on the BSE at Rs 421.40., touching an intra day excessive of Rs 425 and an intra day low of Rs 413.55, all through the buying and selling session at present.

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