BPCL Q3 profit falls 7.3% to Rs 1,901 cr; announces interim dividend

State-owned oil and fuel corporation Bharat Petroleum Company Ltd (BPCL) on Monday reported a 7.three per cent yr-on-yr drop in consolidated net earnings at Rs one,901 crore for the quarter ended December 31, 2020 (Q3FY21). The corporation posted a earnings of Rs 2,051.forty three crore in the corresponding time period a yr ago (Q3FY20). It was Rs 2,589.fifty two crore in the September quarter (Q2FY21).

On the other hand, on a standalone foundation, the net earnings arrived in at Rs 2,778 crore in the hottest December quarter, up more than a hundred and twenty per cent yr-on-yr, compared with Rs one,261 crore in the similar time period a yr before.

Income from operations rose marginally yr-on-yr at Rs 87,292.sixty two crore compared to the income of Rs eighty five,927 crore for the duration of the similar time period a yr before. It was Rs sixty six,331.22 crore in the September quarter.

The full expenses fell one.4 per cent at Rs 83,256.fifty four crore in the December quarter, compared with Rs eighty four,496 crore in the corresponding quarter, a yr before. The full profits in Q3FY21, in the meantime, stood at Rs 88,027.16 crore.

Refining throughput arrived in at nine.11 million metric tonnes (MMT) in the December quarter, down from nine.81 MMT in the yr ago time period.

The regular gross refining margin (GRM) of the company for the duration of 9 months ended December 31, 2020 is at $2.ninety per barrel.

Further, the corporation introduced an interim dividend of Rs 16 per share for the economic yr 2020-21. It will be paid on or just before March, eight, 2021.

“The board of administrators have fixed February,19 2021 as report date to figure out the eligibility of the shareholders to receive the explained Interim Dividend,” the corporation explained in a inventory exchange filing.

On Monday, BPCL scrip ended one.seventeen per cent greater on BSE at Rs 419.ninety a piece.

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