The NSE saw shares of Bharat Petroleum Corporation Limited (BPCL) trading at ₹270.05, down by ₹1.20 or 0.44 per cent as of 12.15 pm today.
In its financial results for the third quarter of 2024-25, BPCL showcased a strong performance. The state-owned oil marketing company reported a profit before tax of ₹6,176 crores for the October-December 2024 quarter, a significant increase from ₹4,580 crores in the same period last year. Meanwhile, the net profit after tax surged to ₹4,649 crores compared to ₹3,397 crores in the corresponding quarter of the previous fiscal year.
BPCL’s total petroleum product sales reached 13.69 million metric tonnes, up from 13.20 million metric tonnes in the same quarter last year, with strong domestic sales especially in key products like High-Speed Diesel (HSD) and Motor Spirit (MS).
The company’s refining margins (Gross Refining Margin or GRM) varied across different refineries, with the Bina Refinery performing well at US $7.78 per barrel. The overall refinery throughput stood at 9.54 million metric tonnes, with a high distillate yield of 84.86 per cent. As of December 31, 2024, BPCL effectively managed its debt position, with total debt (excluding IND AS 116 liabilities) at ₹19,622 crores.
Published on January 24, 2025.
