On Monday, forward of the outcomes, BPCL inventory closed 0.13% larger at Rs 337 apiece on NSE.
In the meantime, income from operations rose 13% to Rs 1.33 lakh crore within the three months ended December, in contrast with Rs 1.17 lakh crore within the last-year interval.
Phase sensible, income from downstream petroleum stood at Rs 1.33 lakh crore, in contrast with Rs 1.17 lakh crore final 12 months, whereas that from exploration and manufacturing of hydrocarbons stood at Rs 35 crore through the quarter underneath evaluation.
Different earnings for the Decemeber quarter got here in at Rs 339 crore, down about 42%, in contrast with Rs 586 crore a 12 months in the past.
The corporate’s refining throughput through the quarter stood at 9.39 (MMT) as in opposition to 9.94 in the identical quarter of final 12 months.
On a standalone foundation, the corporate’s EBITDA got here in at Rs 4,234 crore, with margins at 3.6%.BPCL’s privatisation was stalled after two out of three bidders walked out over points like lack of readability in gas pricing. Mining mogul Anil Agarwal’s Vedanta, US enterprise funds Apollo World Administration Inc and I Squared Capital Advisors had expressed curiosity.
The federal government in Might final 12 months formally withdrew its supply to promote its total stake in BPCL after majority of bidders expressed their incapability to take part within the privatisation course of.
Through the quarter, BPCL has recognised an impairment lack of Rs 20 crore after infra group elimination.
BPCL’s market gross sales for the quarter ended December stood at 12.81 MMT as in comparison with 11.12 MMT within the corresponding interval a 12 months in the past.
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