Net Profit Rises 24% To Rs 3,200 Crore In September Quarter

BPCL Q2 Results: Net revenue stood at Rs 3,200 crore within the September quarter

State-run oil refiner Bharat Petroleum Corporation Limited (BPCL) introduced its July-September quarter outcomes, reporting a web revenue of Rs 3,200 crore on a consolidated foundation, in comparison with Rs 2,589 crore within the corresponding interval final yr, marking a progress of 23.6 per cent year-on-year.

The privatisation-bound oil refiner's income from operations within the second quarter of the present fiscal stood at Rs 1.02 lakh crore, in comparison with Rs 66,331 crore within the corresponding interval final yr, registering a progress of 53.7 per cent year-on-year.

The firm's board declared an interim dividend of Rs 5 per fairness share of face worth Rs 10 every - 50 per cent on the paid-up fairness share capital of the corporate for the monetary yr 2021-22.

The board fastened November 12 because the report date to find out the eligibility of shareholders to obtain the interim dividend. The dividend will likely be paid on or earlier than November 27, in response to a regulatory submitting by Bharat Petroleum to the inventory exchanges immediately.

In March, Bharat Petroleum had offered its total 61.5 per cent stake in Numaligarh Refinery in Assam to a consortium of Oil India Limited and Engineers India and the Assam authorities for Rs 9,876 crore. The authorities is promoting its total 52.98 per cent stake in Bharat Petroleum.

Recently, the DIPAM Secretary introduced that the federal government obtained a ultimate dividend of Rs 6,665 crore from Bharat Petroleum for the 2020-21 fiscal.

On Friday, October 29, shares of BPCL settled 0.77 per cent decrease at Rs 417.75 apiece on the BSE. Bharat Petroleum opened on the BSE at Rs 421.40., touching an intra day excessive of Rs 425 and an intra day low of Rs 413.55, all through the buying and selling session immediately.