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

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 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 19x (as against 0.45x as on June 30, 2023)

Physical Performance

• Market Sales was 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 30^th Jun 2024 to 2064.

                                     Q1 FY 2024-25 FINANCIAL HIGHLIGHTS

                                                                                                                    (Rs. Crs)