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

(MENAFN- Adfactors PR) Bengaluru, July 19, 2024: 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%)

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