BPCL Quarterly Results Today

Fueling Success: BPCL's Q3 2024 Financial Triumph | Quarterly Results Today | BPCL News

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Embarking on a journey of financial resilience, Bharat Petroleum Corporation Limited (BPCL) unveils its stellar performance in the third quarter of fiscal year 2024. With an impressive 82% surge in consolidated net profit, BPCL demonstrates robust operating fundamentals amid a challenging landscape. 

Explore the intricacies of their revenue dynamics, expense management, and strategic vision as the company charts a course toward sustainable growth. Join us in discovering the remarkable story behind BPCL's triumph in the dynamic energy sector.

BPCL Quarterly Results Today

Bharat Petroleum Q3 2024 Results

When were the BPCL Q3 2024 results declared?

Bharat Petroleum Corporation Limited (BPCL) announced its financial results for the third quarter (Q3) ending December 31, 2023, of fiscal year 2024 (FY24) on Monday.

What is the net profit reported by BPCL in Q3 FY24?

BPCL reported an impressive 82% surge in its consolidated net profit, reaching ₹3,181.42 crore in the third quarter of FY24, compared to ₹1,747.01 crore in the same period last fiscal year.

How did the revenue from operations perform in Q3 FY24?

While BPCL's net profit soared, its revenue from operations slightly declined to ₹1.30 lakh crore in Q3 FY24 from ₹1.33 lakh crore a year ago.

What about the company's expenses during the October-December period of FY24?

BPCL stated that its total expenses decreased to ₹1.26 lakh crore in Q3 FY24 from ₹1.31 lakh crore in the corresponding quarter last fiscal year.

What is BPCL's EBITDA for Q3 FY24?

BPCL's EBITDA (earnings before interest, taxes, depreciation, and amortization) for Q3 FY24 stood at ₹6,906.37 crore, a significant increase from ₹4,685.82 crore in Q3 FY23.

How does the company describe its performance in Q3 FY24?

BPCL's Chairman and Managing Director, G. Krishnakumar, mentioned that the company "delivered another quarter of resilient performance with strong operating fundamentals amidst a challenging operating environment."

What was the marketing margin for BPCL in the December quarter?

The marketing margin for BPCL in the December quarter was ₹3.5 per litre.

How did BPCL perform in terms of crude oil processing in Q3 FY24?

BPCL turned 9.86 million tonnes of crude oil into fuel in Q3, showing an increase from 9.39 million tonnes a year ago and 9.35 million tonnes in the preceding quarter.

What is the net profit for the first nine months of FY24 compared to the same period last fiscal year?

For the first nine months ending December 31, 2023, BPCL recorded a net profit of ₹22,069.27 crore, a significant improvement from the loss of ₹4,739.42 crore in the same period last fiscal year.

How did the average gross refining margin (GRM) perform for BPCL in the nine months ending December 31, 2023?

The average gross refining margin (GRM) for BPCL for nine months was at $14.72 per barrel, compared to $20.08 per barrel in April-December 2022.

Did BPCL's shares experience any change after the Q3 FY24 results?

Yes, shares of Bharat Petroleum Corporation rose by 3.92% to touch ₹493 on the NSE on Monday following the announcement of Q3 results.

How has BPCL's average gross refining margin (GRM) evolved in the nine months ending December 31, 2023?

The average gross refining margin (GRM) for BPCL in the nine months was at $14.72 per barrel, showcasing a shift from $20.08 per barrel in April-December 2022.

What was the market response to BPCL's Q3 FY24 results?

Following the announcement, shares of Bharat Petroleum Corporation rose by 3.92% to touch ₹493 on the NSE on Monday.

How does BPCL's performance in the first nine months of FY24 compare to the same period last fiscal year?

For the first nine months ending December 31, 2023, BPCL achieved a remarkable turnaround, recording a net profit of ₹22,069.27 crore compared to a loss of ₹4,739.42 crore in the same period last fiscal year.

What is BPCL's strategic outlook, as conveyed by its Chairman and Managing Director G. Krishnakumar?

G. Krishnakumar emphasized that BPCL "delivered another quarter of resilient performance with strong operating fundamentals amidst a challenging operating environment. Our focus remains on driving competitive volume growth and achieving operational excellence, whilst stepping up investment towards our long-term strategic priorities."

Explore the full narrative of BPCL's triumph, from financial milestones to operational insights, as the company continues to navigate and thrive in the ever-evolving energy landscape.

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