BPCL REPORTS NET PROFIT OF Rs.6,477.74 IN Q4 OF FY 22-23

Mumbai: Bharat Petroleum Corporation Limited declared its financial result for Q4, BPCL standalone has reported Revenue from Operations of Rs 1,33,413.81 Crores for the quarter Jan-Mar 2023 Vs Rs.1,23,382.00 Crs in the corresponding comparative quarter. 

• The highest ever Revenue from Operations for the year ended March 31, 2023, which was Rs. 5,33,467.55 Crores Vs Rs. 4,32,422.48 Crores in the previous year.

• Recorded a growth of 259% in the standalone net profit for the fourth quarter of FY 22-23, which was Rs. 6,477.74 Crores as compared to the restated profit of  Rs. 2,501.08 Crores in the corresponding quarter of FY 21-22.

• Consolidated net profit for the fourth quarter of FY 22-23 was Rs. 6,870.47 Crores as compared to the restated net profit of Rs. 2,559.17 Crores in the corresponding quarter of FY 21-22 (growth of 268% over Q4 FY 2021-22).

Bharat Petroleum, one of the premier integrated energy companies in India, has posted a standalone net profit of Rs. 1,870.10 Crores for the FY 22-23, as compared to the restated profit of Rs. 11,363.35 Crores in FY21-22.

Other major highlights of the financial results are given below (standalone) –

• Highest ever gross refining margins (GRM) of $20.24/bbl for the period Apr – Mar 2023.
• Pursuant to MCA order, Bharat Oman Refineries Limited was amalgamated with BPCL and the financial performance of Bina refinery has been included in BPCL w.e.f                                         1^st July 2021.  Pursuant to MCA order, Bharat Gas Resources Limited was amalgamated with BPCL and the financial performance of Bharat Gas Resources Limited has been included in BPCL w.e.f 1^st April 2021. In view of above mergers, the accounts have been restated for respective periods.
• EBITDA for Q4 FY 22-23 is Rs. 10,526.73 Crores Vs Rs. 6,572.48 Crores in Q4 FY 21-22; EBITDA margin was at 7.89% in Q4 FY 22-23 Vs 5.33% in Q4 FY 21-22.
• Debt-Equity ratio as on March 31, 2023 was at 0.69x (as against 0.65x as at 31^st March 2022)
• Board has declared final dividend of 40% for the year 2022-23 which is equivalent to  Rs 4 per equity share. The said dividend payment is subject to approval of the shareholders at the Annual General Meeting

Physical Performance (standalone)

• In Q4 FY 2022-23, the throughput was 10.63 MMT Vs 10.15 MMT in Q4 FY 2021-22. Market Sales was 12.91 MMT in Q4 FY 22-23 Vs 11.82 MMT in Q4 FY 21-22. Sales has grown by 9.22%. During Apr to Mar’23, the throughput was 38.53 MMT Vs 35.89 MMT in the comparative year. 
• Highest ever market sales of 48.92 MMT for the period Apr to Mar’23 against 42.51 MMT in the comparative period, with growth of 15.08%.
• We have achieved Average Ethanol Blending percentage of 10.59% during Apr to Dec 22 with highest blending in Q4 FY 2022-23 of 11.86%
• BPCL added 300 New Fuel Stations in Q4 FY 2022-23 (986 in Apr 22 to Mar 23), taking their network strength to 21,029
• 354 CNG Stations commissioned in Q4 FY 2022-23 (482 in Apr 22 to Mar 23) taking the total CNG stations as on 31^st Mar 2023 to 1602.