BPCL’s Q1FY25 Quarter Results
BPCL’s revenue decreased 0.1% YoY
- 23 Jul 2024
- BPCL reported 3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a decrease of 0.1%.
- Its expenses for the quarter were down by 0.4% QoQ and up by 8.6% YoY.
- The net profit decreased 40.7% QoQ and 73.3% YoY.
- The earnings per share (EPS) of BPCL stood at 6.7 during Q1FY25.
BPCL’s Financial Statements for Q1FY25:
| (Rs, crores) | Q1FY24 | Q4FY24 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 128,825 | 132,594 | 128,677 | -3.0% | -0.1% |
Total expenses | 115,164 | 125,618 | 125,055 | -0.4% | 8.6% |
Profit before tax | 14,103 | 6,669 | 3,859 | -42.1% | -72.6% |
Tax | 3,458 | 1,880 | 1,017 | -45.9% | -70.6% |
Profit after tax | 10,644 | 4,790 | 2,842 | -40.7% | -73.3% |
Earnings per share | 25.0 | 11.2 | 6.7 |
Financials:
Net Profit Decline
- Consolidated net profit dropped by 73% year-on-year to Rs.2,841.55 crores from Rs.10,644.30 crores.
- Sequentially, net profit decreased by 40.6% from Rs.4,789.57 crore in Q4 FY24.
- Decline was attributed to weak refining margins and reduced fuel prices which affected marketing margins.
Revenue and Sales
- Revenue from operations remained stable at Rs.1.28 trillion year-on-year.
- Domestic market sales increased by 3.2% to 13.16 million tonnes from 12.75 million tonnes.
- Crude throughput declined to 10.11 million tonnes from 10.36 million tonnes.
Operational Achievements
- Achieved highest ever average ethanol blending percentage of 14.14% during Q1 FY25.
- Added 171 new fuel stations, bringing the total to 22,011.
- Expanded LPG distributor network by adding five new distributors, totalling 6,255.
- Customer base increased to 93.3 million.
- Commissioned 35 new CNG stations, bringing the total to 2,064 as of June 30.
Management Commentary:
Ethanol Blending
- "We have achieved our highest ever Average Ethanol Blending percentage of 14.14% during Q1FY25," BPCL stated.
Expansion and Network Growth
- BPCL added 171 new fuel stations and five new LPG distributors.
- The company's network strength now includes 22,011 fuel stations and 6,255 LPG distributors.
- Customer base has grown to 93.3 million.
- BPCL also commissioned 35 new CNG stations, bringing the total to 2,064.
Market Sales and Crude Throughput
- Despite the challenges, domestic market sales grew by 3.2%.
Data Source: BSE, Company announcements
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