Bharat Petroleum Corporation shines despite reporting 30% fall in Q4 consolidated net profit

10 May 2024 Evaluate

Bharat Petroleum Corporation is currently trading at Rs. 614.90, up by 22.60 points or 3.82% from its previous closing of Rs. 592.30 on the BSE.

The scrip opened at Rs. 617.00 and has touched a high and low of Rs. 621.80 and Rs. 601.85 respectively. So far 799494 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 687.65 on 16-Feb-2024 and a 52 week low of Rs. 331.50 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 634.00 and Rs. 590.20 respectively. The current market cap of the company is Rs. 133495.81 crore.

The promoters holding in the company stood at 52.98%, while Institutions and Non-Institutions held 39.03% and 7.99% respectively.

The company has reported 34.79% fall in its net profit at Rs 4,224.18 crore for fourth quarter (Q4) and year ended March 31, 2024 as compared to Rs 6,477.74 crore for the same quarter in the previous year. Total income of the company decreased by 1.19% at Rs 1,32,553.97 crore for Q4FY24 as compared Rs 1,34,146.81 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 30.29% fall in its net profit at Rs 4,789.57 crore for fourth quarter ended March 31, 2024 as compared to Rs 6,870.47 crore for the same quarter in the previous year. Total income of the company decreased by 0.98% at Rs 1,32,593.54 crore for Q4FY24 as compared Rs 1,33,902.66 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported over 14-fold jump in net profit at Rs 26,673.50 crore as compared to Rs 1,870.10 crore for the previous year. However, total income of the company decreased by 4.92% at Rs 5,09,323.82 crore for year under review as compared to Rs 5,35,651.54 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported over 12-fold jump in its net profit at Rs 26,858.84 crore as compared to Rs 2,131.05 crore for the previous year. However, total income of the company decreased by 4.83% at Rs 5,09,227.33 crore for year under review as compared to Rs 5,35,045.51 crore for year ended March 31, 2023.

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