BPCL posts all-time high profit of Rs 17,320 crore in FY21

Whereas income fell 7.7% year-on-year (y-o-y) in FY21 to Rs 3.04 lakh crore, bills — comprising principally crude oil buy — fell at a sharper charge of 11.8% to Rs 2.89 lakh crore.

State-run Bharat Petroleum (BPCL) on Wednesday reported a internet revenue of Rs 17,319.8 crore on a consolidated foundation for the fiscal ended March 31, 372.5% greater than the revenue posted a 12 months in the past. That is the very best annual revenue reported by the oil refining and advertising firm.

BPCL has advisable a last dividend of Rs 58 per fairness share, together with one-time particular dividend of Rs 35 per share of face worth of Rs 10 every for FY21. The dividend might be paid inside 30 days after shareholders approve it within the ensuing annual common assembly.

Whereas income fell 7.7% year-on-year (y-o-y) in FY21 to Rs 3.04 lakh crore, bills — comprising principally crude oil buy — fell at a sharper charge of 11.8% to Rs 2.89 lakh crore.

BPCL’s revenue in Q4FY21 was Rs 10,641.9 crore in contrast with Rs 1,819.6-crore loss for a similar quarter final 12 months. Income from gross sales within the quarter elevated 21.9% y-o-y to Rs 99,733.2 crore, whereas bills have been up yearly by 14% to Rs 95,135.3 crore in the identical interval.

“Because the variety of Covid-19 circumstances went down in January-March 2021 quarter, we witnessed good progress in gas gross sales and different petrochemical merchandise following restoration in financial system,” N Vijayagopal, BPCL’s director, finance, stated.

BPCL added 2,444 new gas stations in FY21, taking the divestment-bound oil refining and advertising firm’s community energy to 18,637. It has the second-highest retailing community in India.