Bharat Petroleum Corporation Q4 net profit down 82.16% at Rs 2130.53 cr
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The company reported standalone net profit of Rs 2,130.53 crore for the quarter ended March 31, 2022 as compared to Rs 11940.13 crore in the same period last year, registering a year-on-year decline of 82.16 per cent. Net revenue of the company rose substantially by 41.48 per cent at Rs 1,08,773.57 crore in January-March quarter of this fiscal as against Rs 76,882.32 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 45.53 per cent to Rs 1,04,524.23 crore from Rs 71,824.47 crore in year ago period. Other Income dipped by 64.09 per cent at Rs 597.59 crore versus (Mar'21 Rs 1,664.01 crore). Operating Profit slipped by 15.99 per cent to Rs 4,249.34 crore as against Rs 5,057.85 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 40.58 per cent in March quarter. Interest grew by 11.77 per cent y-o-y to Rs 533.83 crore, while Taxation increased by 205.75 per cent at Rs 909.02 crore (Mar'21 Rs 297.31 crore).
