BHARAT PETROLEUM CORP. Ltd - Result update

​By a Staff Reporter: BHARAT PETROLEUM CORP. Ltd - Result update

Consolidated Quarterly Result

•    Net profit of Bharat Petroleum Corporation declined by 24.88 % to Rs 1559.62 crore in the quarter ended June 2021 as against Rs 2076.17 crore during the previous quarter ended June 2020.
•    Sales rose 82.86% to Rs 70921.28 crore in the quarter ended June 2021 as against Rs 38785.05 crore during the previous quarter ended June 2020.
•    Profit before tax declined 31.7% to Rs 1996.14 crore in Q1 FY22 from Rs 2,926.17 crore in Q1 FY21.
•    The PSU OMC recognized an exceptional loss of Rs 77.06 crore in Q1 FY22 on the back of Employee Stock Purchase
Scheme.
•        BPCL said other expenses for the quarter ended 30 June 2021 includes Rs 46.70 crore on account of foreign exchange loss.
•    The market sales of the corporation for the quarter ended 30 June 2021 was 9.63 MMT as compared to 7.53 MMT achieved during quarter ended 30th June 2020. Increase is mainly in HSD-Retail (25.00%), MS-Retail (39.72%) and ATF (115.40%). The state-owned refiner's throughput for Q1 FY22 rose 33% YoY to 6.84 million tonnes.
•    The corporation's average gross refining margin (GRM) of the corporation during quarter ended 30 June 2021 stood at
$4.12 per barrel (as compared to April - June 2020: $0.39 per barrel).

Source : Eureka

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