Bharat Petroleum Corporation Q1 Results Total Revenue ₹128,106.39 Crores & Operating income ₹3,801.34 Crores

Bharat Petroleum Corporation Q1 Results: Bharat Petroleum Corporation’s Q1 results for 2024 show several important changes when compared year-over-year (YoY) and quarter-on-quarter (QoQ). The total revenue for the company slightly decreased by 0.12% year-over-year, meaning the company earned almost the same amount of revenue in June 2024 as it did in June 2023. However, when comparing quarter-on-quarter (QoQ), the revenue dropped by 3.01%, meaning it earned less compared to the previous quarter (March 2023).

Bharat Petroleum Corporation’s expenses, the selling, general, and administrative costs decreased by 11.51% year-over-year, indicating a reduction in these expenses compared to the same period in 2023. This is a positive sign. However, the company's total operating expenses increased by 8.75% YoY, meaning it spent more in June 2024 than it did in June 2023.

Bharat Petroleum Corporation’s operating income showed a large decrease, dropping 72.77% year-over-year and 48.15% QoQ, showing that profits from regular operations have significantly fallen. Net income, which is the company’s profit after taxes, fell sharply by 73.30% YoY and 40.67% QoQ. This big drop in income also affected the diluted normalized earnings per share (EPS), which went down by 86.44% YoY. In summary, Bharat Petroleum’s profits have decreased both year-over-year and quarter-on-quarter across several key areas.

Here’s a simplified summary of Bharat Petroleum Corporation's Q1 results for the fiscal period ending June 2024, with key comparisons.

(All figures in crores, except per share values)

Source: Here 

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Bharat Petroleum Corporation Q1 Results

Bharat Petroleum Corporation reported its financial results for the quarter ending on June 30, 2024. BPCL's revenue from operations for the quarter was ₹1,28,103.36 crores, slightly lower than the previous quarter's ₹1,32,084.86 crores. Other income, which comes from sources apart from the company's main business, was ₹505.82 crores. This brought the total income to ₹1,28,609.18 crores for the quarter.

On the expenses side, Bharat Petroleum Corporation spent ₹58,847.58 crores on materials and ₹40,391.88 crores on buying stock for trade. The company also paid ₹15,007.35 crores in excise duty, and other significant expenses included employee benefits, finance costs, and depreciation. Overall, BPCL’s total expenses for the quarter were ₹1,24,577.14 crores.

Bharat Petroleum Corporation’s earned a net profit of ₹3,014.77 crores during this quarter, lower than the ₹4,224.18 crores earned in the previous quarter, and much lower than ₹10,550.88 crores earned in the same quarter last year. The company's earnings per share (EPS) were ₹7.06 for the quarter.

In terms of physical performance, Bharat Petroleum Corporation’s refinery processed 10.11 million metric tons (MMT) of crude oil, while its market sales reached 13.16 MMT. Export sales were 0.27 MMT. Despite some fluctuations, BPCL remains a significant player in the industry.

Here is the Bharat Petroleum Corporation financial and physical performance data for the quarter ended 30th June 2024 in a table format:

(₹ in Crores)

Bharat Petroleum Corporation Financial Metrics

Bharat Petroleum Corporation is a large company with a market value of ₹1,46,967 Crores, indicating its total worth in the stock market. The current share price is ₹339, and over the past year, the highest price was ₹367, while the lowest was ₹166. The company's stock has a price-to-earnings ratio of 7.53, showing it is relatively cheap compared to its earnings. Its book value, which is ₹174, reflects the value of its assets minus liabilities. The dividend yield of 6.20% means shareholders earn this percentage of their investment as dividends. 

Here's the information in table format:

Quarterly Results 

Bharat Petroleum Corporation, the financial data for December 2023, March 2024, and June 2024 shows how the company performed over these quarters. In December 2023, the company had high sales of ₹115,499 crore but also faced significant expenses of ₹109,300 crore, resulting in an operating profit of ₹6,199 crore and a profit before tax of ₹4,367 crore. The net profit was ₹3,181 crore with an earnings per share (EPS) of ₹7.33. By March 2024, sales increased slightly to ₹116,555 crore, and operating profit rose to ₹8,955 crore. 

Here's the summary for December 2023, March 2024, and June 2024:

(Figures in Crores)

About Bharat Petroleum Corporation 

Bharat Petroleum Corporation is a major oil and gas company in India. It was formed in 1952, and its roots go back to the Rangoon Oil and Exploration Company established in 1891. BPCL is a government-owned corporation and is one of India's leading petroleum companies. It operates in various areas of the oil industry, including exploration, production, refining, and marketing of petroleum products.

Bharat Petroleum Corporation's primary business includes refining crude oil into products like petrol, diesel, and kerosene. The company runs several large refineries in India, which help supply fuel across the country. BPCL also has a significant presence in the retail sector, with numerous petrol stations and service centers providing fuel and other services to customers.

Bharat Petroleum Corporation is known for its efforts in adopting new technologies and improving its environmental performance. BPCL invests in modernizing its operations and expanding its network to meet growing energy demands. It is also involved in various social initiatives and corporate social responsibility projects to support communities and promote sustainable development.