Bharat Petroleum Corporation Ltd's Q3FY25 Quarter Results
- 23 Jan 2025
Result Summary
- Bharat Petroleum Corporation Ltd reported a 9.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 1.9%.
- Its expenses for the quarter were up by 7.3% QoQ and down 3.1% YoY.
- The net profit increased 65.7% QoQ and increased 19.6% YoY.
- The earnings per share (EPS) of Bharat Petroleum Corporation Ltd stood at 8.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 113773.66 | 103482.72 | 115989.89 | 9.9% | -1.9% |
Total Expenses | 108311.36 | 100969.52 | 111830.60 | 7.3% | -3.1% |
Profit Before Tax | 5402.81 | 2437.88 | 3875.52 | 121.6% | 39.4% |
Tax | 1527.03 | 796.44 | 1185.52 | 91.7% | 28.8% |
Profit After Tax | 3805.94 | 2297.23 | 3181.42 | 65.7% | 19.6% |
Earnings Per Share | 8.90 | 5.40 | 14.90 | 64.8% | -40.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Bharat Petroleum Corporation Ltd (BPCL) is a leading oil and gas company in India, primarily engaged in refining, marketing, and distributing petroleum products. As one of the country's largest public sector undertakings, BPCL plays a crucial role in India's energy sector. The company is involved in the exploration and production of oil and gas, and operates a network of refineries and retail outlets across the country. BPCL's product portfolio includes a wide range of fuels, lubricants, and petrochemicals. Recent developments for BPCL include efforts to expand its refining capacity and enhance its focus on renewable energy sources, aligning with global energy transition trends. However, detailed information on specific recent events or strategic initiatives is not readily available.
Revenue
In Q3FY25, Bharat Petroleum Corporation Ltd reported a total income of ₹113,773.66 crores, which represents a 9.9% increase from the previous quarter (Q2FY25) where total income was ₹103,482.72 crores. Compared to the same quarter in the previous year (Q3FY24), there is a slight decrease of 1.9% from ₹115,989.89 crores. This quarter-over-quarter increase in total income suggests a recovery in revenue generation, while the year-over-year comparison indicates a slight contraction in revenue. This fluctuation could be influenced by various factors such as changes in crude oil prices, demand variations in the domestic market, or shifts in global economic conditions.
Profitability
Bharat Petroleum Corporation Ltd's profitability metrics for Q3FY25 show significant improvement. The company reported a profit before tax of ₹5402.81 crores, which marks a substantial increase of 121.6% over the previous quarter's profit before tax of ₹2437.88 crores. On a year-over-year basis, there is a 39.4% increase from ₹3875.52 crores in Q3FY24. The profit after tax for Q3FY25 was ₹3805.94 crores, showing a 65.7% increase from Q2FY25's ₹2297.23 crores, and a 19.6% increase from ₹3181.42 crores in Q3FY24. This improvement in profitability can be attributed to various factors such as cost management, operational efficiencies, or favorable tax considerations, as the tax expense also rose by 91.7% quarter-over-quarter.
Operating Metrics
Bharat Petroleum Corporation Ltd's operating expenses for Q3FY25 were reported at ₹108,311.36 crores, which is a 7.3% increase from the previous quarter's ₹100,969.52 crores, but a decrease of 3.1% compared to ₹111,830.60 crores in Q3FY24. The earnings per share (EPS) for Q3FY25 stood at ₹8.90, which shows a 64.8% increase from the previous quarter's EPS of ₹5.40. However, compared to the same quarter in the previous year, there is a decline of 40.3% from an EPS of ₹14.90. These operating metrics provide insights into the company's cost structure and shareholder returns, reflecting the impact of operational efficiencies or market dynamics on its financial performance.
