BPCL, HPCL shares jump up to 5% post-Q4 earnings, should you buy, sell, or hold? Here's what experts say

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₹621.95 and ₹514.40 apiece. This uptick followed both companies reporting in-line performance for the March quarter and for the full fiscal year FY24. Compared to the performance in the March quarter, both companies have exhibited improved performance for the full fiscal year FY24.

This improvement stemmed from the nearly two-year-long freeze in petrol and diesel prices. Although the freeze was impacted by the rise in crude oil prices following Russia's invasion of Ukraine in 2022, international rates moderated for much of 2023. This trend allowed companies to secure substantial profits.

Also Read: 1:1 bonus issue, final dividend: State-run BPCL announces dual corporate action; Check record dates In the fourth quarter of the 2023–24 fiscal, BPCL recorded a consolidated net profit of ₹4,789.57 crore, down from ₹6,870.47 crore in the corresponding period of the previous fiscal year. However, for the full fiscal year 2023–24, BPCL achieved a record net profit of ₹26,858.84 crore, a significant increase from ₹2,131.05 crore in the prior year. The company's gross refining margin surged to USD 14.14 per barrel, a notable improvement from USD 8.83 per barrel in the previous fiscal year.

BPCL's refineries processed 39.93 million tonnes of crude oil during FY24, compared to 38.53 million tonnes in FY23. Additionally, market sales increased by 4.33% to 51.04 million tonnes in FY24. BPCL achieved an average ethanol blending percentage of 11.69% throughout FY24, with the highest blending rate recorded in the fourth quarter at 12.15%.