Bharat Petroleum Corporation Limited , one of India's leading oil marketing companies, reported a consolidated net profit of Rs 4,392.00 crore for the fourth quarter of fiscal year 2024-25, marking an 8% year-on-year decline. Despite the drop, the company's performance surpassed market expectations, buoyed by robust refining margins and inventory gains.

Q4 Financial Highlights

• Net profit stood at Rs 4,392.00 crore, down 8% from Rs 4,785.00 crore in the same quarter last year.
• Revenue from operations decreased by 4% year-on-year to Rs 1,26,916.00 crore.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin improved to 6.74% from 6.58% in the previous quarter.

Full Year Performance FY 2024-25

• Annual net profit reached Rs 13,336.55 crore, a significant decrease of 50% from the previous fiscal year.
• Revenue for the year was Rs 5,00,371.25 crore, slightly lower than Rs 5,06,805.81 crore in the previous fiscal year.
• The company's gross refining margin (GRM) for FY 2024-25 was $6.82 per barrel, compared to $14.14 per barrel in FY 2023-24.

Key Factors Influencing Results

• Strong refining margins and inventory gains boosted the quarterly performance.
• The absence of LPG compensation continued to impact the company's financials.
• Increased capital expenditure and debt levels were noted.

Operational Metrics

• Refinery throughput for Q4 was 10.58 MMT, up from 9.54 MMT in Q3.
• Market sales volume for Q4 stood at 13.42 MMT, nearly unchanged from 13.43 MMT in Q3.
• Export sales increased to 0.30 MMT in Q4 from 0.26 MMT in Q3.

Financial Position

Dividend Announcement

The Board of Directors has recommended a final dividend of Rs 5.00 per equity share, in addition to the interim dividend of Rs 5.00 per share paid earlier in the year.

Management Commentary

VRK Gupta, Director (Finance) and Whole Time Director, stated, "Despite challenging market conditions, BPCL has demonstrated resilience in its Q4 performance. Our focus on operational efficiency and strategic initiatives has helped us navigate through a volatile year."

Future Outlook

While BPCL faces ongoing challenges such as volatile crude oil prices and changing regulatory landscapes, the company remains committed to its growth strategy, focusing on expanding its refining capacity and enhancing its retail network.

Bharat Petroleum Corporation Limited (BPCL), one of India's leading oil marketing companies, has announced its financial results for the fourth quarter and fiscal year 2024-25, along with a final dividend declaration.

Dividend Announcement

The Board of Directors of BPCL has recommended a final dividend of ₹5 per equity share for the financial year 2024-25. This dividend is subject to approval by shareholders at the upcoming Annual General Meeting (AGM). The final dividend will be paid within 30 days from the date of its declaration at the AGM. The record date for the dividend will be announced separately.

Financial Performance

For the fiscal year ended March 31, 2025, BPCL reported the following consolidated financial results:

Quarterly Performance

In the fourth quarter of FY 2024-25, BPCL's consolidated results were as follows:

Operational Highlights

• Refinery Throughput: 10.58 MMT in Q4 FY25
• Market Sales: 13.42 MMT in Q4 FY25
• Export Sales: 0.30 MMT in Q4 FY25

Segment Performance

BPCL operates in two main segments:

1. Downstream Petroleum: This segment, which includes refining and marketing of petroleum products, contributed ₹5,00,371.25 crore to the annual revenue.

2. Exploration & Production of Hydrocarbons: This segment generated ₹146.23 crore in revenue for the fiscal year.

Management Commentary

The company's management noted that the financial results reflect BPCL's resilience in a challenging market environment. The dividend declaration underscores the company's commitment to delivering value to its shareholders.

Future Outlook

While BPCL has not provided specific guidance for the upcoming fiscal year, the company continues to focus on operational efficiency and expanding its market presence in the downstream petroleum sector.

Investors and stakeholders are advised to consider these results in the context of broader market conditions and regulatory environment in the oil and gas sector.