BPCL shares in focus on posting 20% YoY rise in Q3 profit, dividend announcement
Bharat Petroleum Corporation Ltd (BPCL) reported a 20% year-on-year (YoY) increase in net profit for the December quarter, driven by higher margins.
The company posted a consolidated net profit of Rs 3,805.94 crore for the October-December period of FY24, compared to Rs 3,181.42 crore in the same period last year. However, this was below Street estimates of Rs 5,200 crore.
The profit rose 66% on a quarter-on-quarter basis, up from Rs 2,297.23 crore in the July-September period.
Revenue from operations, however, decreased to Rs 1.27 lakh crore in the third quarter, down from Rs 1.3 lakh crore a year ago, mainly due to a decline in oil prices.
Dividend
The company's board also approved an interim dividend of Rs 5 per share.
Stock Trading
Maximise Returns by Investing in the Right Companies
By — The Economic Times, Get Certified By India's Top Business News Brand
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Stock Markets Made Easy
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Renko Chart Patterns Made Easy
By — Kaushik Akiwatkar, Derivative Trader and Investor
Stock Trading
Market 101: An Insight into Trendlines and Momentum
By — Rohit Srivastava, Founder- Indiacharts.com
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional
