Bharat Petroleum reports net profit of Rs. 3,015 Crs in Q1 FY 2024-25 (Market Sales up by 3.22%)

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Bharat Petroleum reports net profit of Rs. 3,015 Crs in Q1 FY 2024-25 (Market Sales up by 3.22%)
Bharat Petroleum reports net profit of Rs. 3,015 Crs in Q1 FY 2024-25 (Market Sales up by 3.22%)
BPCL has demonstrated growth by 3.22% in achieving 13.16 MMT market sales in Q1 FY 24-25 as against 12.75 MMT in Q1 of FY 23-24.
 
  • BPCL has reported Revenue from Operations of Rs 1,28,103.36 Crores for the quarter April- June 2024 Vs Rs. 1,28,256.65 Crores in the corresponding comparative quarter.
  • BPCL has recorded net profit of Rs. 3,014.77 Crores as compared to the profit of Rs. 10,550.88 Crores in the corresponding period of FY 23-24.
Bharat Petroleum, one of the premier integrated energy companies in India, has posted a net profit of Rs. 3,014.77 Crores in April – June 24, as compared to the profit of Rs. 10,550.88 Crores in the corresponding period of FY 23-24.
Major highlights of the financial results are given below –
  • Company maintains a healthy gross refining margins (GRM) for the period Apr – Jun 2024 was $7.86/bbl Vs $12.64/bbl in the corresponding comparative period.
  • EBITDA for current quarter of FY 24-25 is Rs. 6,156.28 Crores Vs Rs. 16,301.77 Crores in corresponding quarter of FY 23-24; EBITDA margin was at 4.81% in current quarter of FY 24-25 Vs 12.71% in Q1 FY 23-24.
  • Debt-Equity ratio as on June 30, 2024 was at 0.19x (as against 0.45x as on June 30, 2023)
Physical Performance   
  • Market Sales was 13.16 MMT in Q1 FY 24-25 Vs 12.75 MMT in Q1 of FY 23-24. Sales has grown by 3.22%.
  • In the current quarter, the throughput was 10.11 MMT Vs 10.36 MMT in Q1 of FY 23-24.
  • We have achieved our highest ever Average Ethanol Blending percentage of 14.14% during Q1 FY 24-25.
  • BPCL added 171 New Fuel Stations in Q1 FY24-25, taking their network strength to 22011.
  • BPCL added 5 new distributors, taking LPG distributor network strength to 6255 and the customer base increased to 9.33 Crore
  • 35 CNG Stations commissioned in Q1 FY24-25 taking the total CNG stations as on 30th Jun 2024 to 2064.
Q1 FY 2024-25 FINANCIAL HIGHLIGHTS
                                                                                                                                          (Rs. Crs)
Consolidated
Standalone
Q1FY25
Q1FY24
% Change
Q1FY25
Q1FY24
% Change
Revenue from Operations
1,28,106
1,28,264
(0.12%)
1,28,103
1,28,257
(0.12%)
EBITDA
6,434
16,788
(61.68%)
6,156
16,302
(62.24%)
Net Profit
2,842
10,644
(73.30%)
3,015
10,551
(71.42%)