BPCL's Net Profit Declines 30% in Q4; Announces 1:1 Bonus Share Issue

BPCL's net profit fell 30% to Rs 4,789 crore in Q4 due to lower refining margins. Despite this, BPCL announced a bonus share issue of 1:1. Turnover remained largely unchanged at Rs 1.32 lakh crore in Q4. For FY24, BPCL reported a record net profit of Rs 26,858 crore, compared to Rs 2,131 crore in the previous year.

Bharat Petroleum Corporation Ltd (BPCL) on Thursday reported a 30 per cent fall in its March quarter net profit on lower refining margins and announced one bonus share for each share held.

Its consolidated net profit of Rs 4,789.57 crore in January-March -- the fourth quarter of the 2023-24 fiscal -- was compared to Rs 6,870.47 crore in the same period of the preceding financial year, according to a company's stock exchange filing.

BPCL board also approved a 1:1 bonus issue -- 1 additional share for each share held.

Turnover was almost flat at Rs 1.32 lakh crore when compared to Rs 1.34 lakh crore in January-March 2023.

For the full 2023-24 fiscal, BPCL reported a record net profit of Rs 26,858.84 crore as opposed to a profit of Rs 2,131.05 crore in the previous year.

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