BPCL Reports Robust Q2 Profit, Declares 75% Interim Dividend
Bharat Petroleum Corporation Limited (BPCL) announced robust Q2 financial results with net profit rising to ₹6,442.53 crore, up 5.20% from Q1. Despite a 6.15% revenue decline to ₹1,220.00 billion, EBITDA improved by 1.12% to ₹97.70 billion, with EBITDA margin expanding by 58 bps to 8.04%. The company declared an interim dividend of ₹7.5 per share, payable by November 29. BPCL's operational metrics remain strong, with refinery throughput at 20.24 MMT and domestic market sales growth at 2.74% for H1 FY24. The company maintains a solid financial position with a net worth of ₹91,670.38 crore and a low debt-equity ratio of 0.13.

*this image is generated using AI for illustrative purposes only.
Bharat Petroleum Corporation Limited (BPCL), one of India's leading oil marketing companies, has announced strong financial results for the second quarter, along with a generous interim dividend for its shareholders.
Financial Performance Highlights
BPCL reported a significant increase in its quarterly net profit, which rose to ₹6,442.53 crore for the quarter ended September 30. This marks a substantial improvement from the ₹6,123.93 crore reported in the previous quarter. The company's performance shows resilience in a dynamic market environment.
Revenue and Profitability
Despite a slight decline in revenue, BPCL managed to improve its profitability:
| Metric | Q2 | Q1 | Change |
|---|---|---|---|
| Revenue | ₹1,220.00 billion | ₹1,300.00 billion | -6.15% |
| Net Profit | ₹6,442.53 crore | ₹6,123.93 crore | +5.20% |
| EBITDA | ₹97.70 billion | ₹96.62 billion | +1.12% |
| EBITDA Margin | 8.04% | 7.46% | +58 bps |
The improvement in EBITDA and EBITDA margin indicates enhanced operational efficiency and cost management by the company.
Interim Dividend Announcement
In a move that will please shareholders, BPCL's Board of Directors has declared an interim dividend of ₹7.5 per equity share. This represents a 75% dividend on the face value of ₹10 per share. Key points regarding the dividend:
- Record Date: November 7
- Payment Date: On or before November 29
- Mode of Payment: Electronic transfer only
Operational Performance
BPCL's operational metrics for the half-year ended September 30 showcase its strong market presence:
- Refinery Throughput: 20.24 Million Metric Tonnes (MMT)
- Market Sales:
- Domestic: 26.25 MMT
- Export: 0.81 MMT
- Domestic Market Sales Growth: 2.74%
Financial Position
As of September 30, BPCL's financial position remains robust:
- Net Worth: ₹91,670.38 crore
- Debt-Equity Ratio: 0.13
- Current Ratio: 0.92
These figures indicate a strong balance sheet and healthy liquidity position.
Looking Ahead
While BPCL has shown impressive performance, it continues to navigate challenges in the oil and gas sector. The company's ability to maintain profitability despite revenue fluctuations demonstrates its operational resilience and strategic management.
Investors and stakeholders will be watching closely to see how BPCL capitalizes on market opportunities and manages potential headwinds in the coming quarters.
Historical Stock Returns for Bharat Petroleum
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.22% | +7.97% | +5.05% | +15.08% | +14.82% | +106.00% |
















































