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News Details

( As on 27/05/2021 10:00)

Bharat Petroleum posts Q4 net profit of Rs 11,940.13 cr

The company reported standalone net profit during the quarter stood at Rs 11,940.13 crore compared to net loss of Rs 1361.01 crore in the previous year quarter.

Net revenue of the company rose moderately by 11.44 per cent at Rs 76,882.32 crore in January-March quarter of this fiscal as against Rs 68,991.44 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 3.18 per cent to Rs 71,824.47 crore from Rs 69,610.27 crore in year ago period.

Other Income grew by 43.85 per cent at Rs 1,664.01 crore versus (Mar'20 Rs 1,156.76 crore).

Operating Profit surged by 917.32 per cent to Rs 5,057.85 crore as against Rs -618.83 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 831.11 per cent in March quarter.

Interest declined by 17.45 per cent y-o-y to Rs 477.61 crore, while Taxation increased by 142.00 per cent at Rs 297.31 crore (Mar'20 Rs -707.86 crore).