Drop in Q4 Earnings: BPCL Reports 8.30% Profit Decrease, Final Dividend Announced - Amount of Rs 4,391.83 crore
Hey there, folks! Let's talk business as Bharat Petroleum Corporation Ltd (BPCL) spills the beans on its Q4 performance for FY25. You ready for some juicy details? 💪
BPCL's Q4 profit has seen a disappointing 8.30% drop compared to last year. Drumroll, please! The paltry earnings amounted to Rs 4,391.83 crore, falling short of last year's Rs 4,789.57 crore.
The oil marketing giant also reported a revenue drop of 3.91%, raking in just Rs 1,26,916.18 crore this quarter. That's a far cry from the Rs 1,32,086.86 crore it made last year during the same period.
On a standalone basis, the loss became more apparent, with profit diving 23.91% to a sobering Rs 3,214.06 crore. The revenue for the quarter slid to a measly Rs 1,26,864.93 crore.
But wait, there's more! The company managed to haul in an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of a modest Rs 7,765 crore. Not exactly what BPCL had hoped for! 😕
Now, let's tackle the good news: the bonus check! BPCL's Board of Directors has suggested a final dividend of Rs 5 per equity share of face value Rs 10 each. But remember, this decision is still contingent upon shareholder approval at the Annual General Meeting (AGM). The dividend will be handed over within a month of its declaration, with the record date announced separately. 🎉
So, what's causing this profit plunge? Well, it's all about those Gross Refining Margins (GRMs) and LPG sales under-recovery, folks. Apparently, average GRMs were sluggish, coming in at $6.82 per barrel in FY25, down from $14.14 per barrel in FY24. Yikes!
But hey, guess who's losing more money? BPCL dished out a substantial under-recovery on domestic LPG sales, racking up a whopping Rs 3,217.82 crore during Q4 FY25 and Rs 10,446.38 crore for the whole of FY25. Looks like someone's heading to the poorhouse!
- Despite a 8.30% dip in Q4 profit for BPCL in FY25, reaching Rs 4,391.83 crore, they are still maintaining their presence in the competitive energy industry.
- Interestingly, BPCL's Q4 revenue also witnessed a 3.91% drop, yielding Rs 1,26,916.18 crore, prompting concerns about the company's financial standing within the business sector.
- The company's standalone profit for Q4 saw a more significant decline of 23.91%, diminishing to a somber Rs 3,214.06 crore, raising questions about the regulatory environment in the finance sector.
- Looking ahead, BPCL's Board of Directors has proposed a final dividend of Rs 5 per equity share, pending shareholder approval at the AGM. If approved, the dividend will be distributed within a month of its declaration.
- The profit plunge for BPCL in FY25 is primarily attributed to sluggish Gross Refining Margins (GRMs) and losses on domestic LPG sales, totaling a hefty Rs 3,217.82 crore in Q4.
- The energy industry will be closely watching the profits of BPCL to gauge the potential impacts of fluctuating GRMs and LPG sales under-recovery on the overall market in the coming quarters.
