Bharat Petroleum Corporation announced that consequent to completion of tenure, Pradeep Vishambhar Agrawal, Ghanshyam Sher, Dr. Aiswarya Biswal, Prof. Bhagwati Prasad Saraswat and Gopal Krishan Agarwal, Independent Directors have ceased to be the Directors of the Company with effect from 12 November 2024.Powered by Capital Market - Live

Net profit of Bharat Petroleum Corporation declined 72.13% to Rs 2297.23 crore in the quarter ended September 2024 as against Rs 8243.55 crore during the previous quarter ended September 2023. Sales declined 0.25% to Rs 102785.27 crore in the quarter ended September 2024 as against Rs 103044.37 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales102785.27103044.37 0 OPM %4.3912.56 - PBDT4947.6212726.00 -61 PBT3168.9911120.73 -72 NP2297.238243.55 -72 Powered by Capital Market - Live

Net profit of Bharat Petroleum Corporation declined 71.80% to Rs 2397.23 crore in the quarter ended September 2024 as against Rs 8501.17 crore during the previous quarter ended September 2023. Sales declined 0.19% to Rs 102790.39 crore in the quarter ended September 2024 as against Rs 102985.56 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales102790.39102985.56 0 OPM %4.4212.53 - PBDT4966.5212911.62 -62 PBT3193.6111311.81 -72 NP2397.238501.17 -72 Powered by Capital Market - Live

Net sales (excluding excise duty) fell marginally to Rs 1,02,790.39 crore in the September quarter from Rs 1,02,985.56 crore recorded in the corresponding quarter previous year. Profit before tax (PBT) was at Rs 3,193.61 crore in the second quarter of FY25, fell 71.76% as compared with Rs 11,311.81 crore reported in Q2 FY24. Total expenses increased by 9.04% YoY to Rs 1,15,647.70 crore in Q2 FY25. Cost of materials consumed was at Rs 57,604.14 crore (up 15.74% YoY) while employee benefits expense stood at Rs 768.91 crore (up 1.30% YoY) during the period under review. In Q2 FY25, the refinery throughput was at 10.28 metric million tonnes (MMT), up 9.94% from 9.35 MMT posted in Q2 FY24. Market sales grew by 1.64% to 12.39 MMT in Q2 FY25 as against 12.19 MMT reported in Q2 FY24. Sales growth tumbled to 1.64% in the second quarter of FY25 as compared to 6.56% reported in Q2 FY24. Export sales added 25% to 0.40 MMT in Q2 FY25 from 0.32 MMT registered in Q2 FY24. The average gross refining margin (GRM) of the corporation for the quarter ended 30 September 2024 is $ 6.12 per barrel as compared to $15.42 per barrel recorded in Q2 FY24. This is before factoring the impact of Special Additional Excise Duty and Road & Infrastructure Cess, levied with effect from 1 July 2022. The market sales of the corporation for the quarter ended 30 September 2024 was 12.39 MMT as compared to 12.19 MMT for the quarter ended 30 September 2023. Increase is mainly in MS-Retail (6.38%), LPG (4.45%) and ATF (14.53%). The market sales of the state-owned corporation stood at 12.39 mmt in the reporting quarter compared to 12.19 mmt in the September 2023 quarter. Bharat Petroleum Corporation (BPCL) is the second largest Indian oil marketing company (OMC), engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted 'Maharatna' status, joining the elite club of companies having greater operational & financial autonomy. The Government of India holds 52.98% stake in BPCL as of 30 September 2024.Powered by Capital Market - Live

The Board of Bharat Petroleum Corporation at its meeting held on 25 October 2024 has decided not to pursue raising of Capital through Rights Issue owing to improved internal generation of funds and also the communication received from MoP&NG regarding non allocation of funds for capital support of Oil Marketing Companies (OMCs) in the budget 2024-25 and hence Government of India's non participation in the issue.Powered by Capital Market - Live

Bharat Petroleum Corporation will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

Bharat Petroleum Corporation Ltd rose for a third straight session today. The stock is quoting at Rs 347.2, up 1.89% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.21% on the day, quoting at 25075.15. The Sensex is at 81827.06, down 0.18%. Bharat Petroleum Corporation Ltd has added around 1.92% in last one month. Meanwhile, Nifty Energy index of which Bharat Petroleum Corporation Ltd is a constituent, has added around 2.95% in last one month and is currently quoting at 41534.95, down 0.54% on the day. The volume in the stock stood at 112.11 lakh shares today, compared to the daily average of 116.92 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 348.45, up 1.77% on the day. Bharat Petroleum Corporation Ltd is up 99.97% in last one year as compared to a 27.08% spurt in NIFTY and a 51.56% spurt in the Nifty Energy index.The PE of the stock is 7.27 based on TTM earnings ending June 24.Powered by Capital Market - Live

Bharat Petroleum Corporation Ltd fell for a fifth straight session today. The stock is quoting at Rs 333.75, down 0.37% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.64% on the day, quoting at 24954.55. The Sensex is at 81485.85, up 0.54%.Bharat Petroleum Corporation Ltd has eased around 4.04% in last one month.Meanwhile, Nifty Energy index of which Bharat Petroleum Corporation Ltd is a constituent, has eased around 1.03% in last one month and is currently quoting at 41039.35, up 1.11% on the day. The volume in the stock stood at 63.67 lakh shares today, compared to the daily average of 124.77 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 336.2, down 0.15% on the day. Bharat Petroleum Corporation Ltd jumped 96.32% in last one year as compared to a 27.89% rally in NIFTY and a 56.75% spurt in the Nifty Energy index.The PE of the stock is 7.16 based on TTM earnings ending June 24.Powered by Capital Market - Live

Shares of the Bharat Petroleum Corporation soared 13.57% in six trading sessions from its recent closing low of Rs 324.40 on 19 September 2024. On the BSE, 15.97 lakh shares were traded in the counter so far compared with average daily volumes of 4.59 lakh shares in the past two weeks. The stock hit a high of Rs 370.5 and a low of Rs 346.3 so far during the day. The stock hit a 52-week high of Rs 370.5 on 27 September 2024. The stock hit a 52-week low of Rs 165.75 on 26 October 2023. The stock had outperformed the market over the past one month, up 5.57% compared with 4.76% fall in the Sensex. The scrip outperformed the market in past one quarter, up 20.98% as against Sensex's 8.03% rise. The scrip had also outperformed the market in past one year, soared 111.08% as against Sensex's 29.47% rise. On the technical front, the stock's daily RSI (relative strength index) stood at 68.093. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading above its 50 day, 100-day and 200-day simple moving average (SMA) placed at 340.75, 324.69 and 300.99, respectively. These levels will act as crucial support zones in near term. Bharat Petroleum Corporation (BPCL) is the second largest Indian oil marketing company (OMC), engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted 'Maharatna' status, joining the elite club of companies having greater operational & financial autonomy. The Government of India holds 52.98% stake in BPCL as of 30 June 2024. The company's standalone net profit tumbled 71.42% to Rs 3,014.77 crore in Q1 FY25 as against Rs 10,550.88 crore posted in Q1 FY24. Net sales (excluding excise duty) rose marginally to Rs 1,13,096.01 crore in the June quarter from Rs 1,12,978.23 crore recorded in the corresponding quarter previous year.Powered by Capital Market - Live

Bharat Petroleum Corporation Ltd fell for a fifth straight session today. The stock is quoting at Rs 325.9, down 3.03% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 25392.05. The Sensex is at 83172.83, up 0.27%.Bharat Petroleum Corporation Ltd has eased around 6.73% in last one month.Meanwhile, Nifty Energy index of which Bharat Petroleum Corporation Ltd is a constituent, has eased around 2.88% in last one month and is currently quoting at 42350.7, down 0.18% on the day. The volume in the stock stood at 62.9 lakh shares today, compared to the daily average of 123.43 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 327.4, down 2.7% on the day. Bharat Petroleum Corporation Ltd jumped 84.88% in last one year as compared to a 27.59% rally in NIFTY and a 54.06% spurt in the Nifty Energy index.The PE of the stock is 7.18 based on TTM earnings ending June 24.Powered by Capital Market - Live