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Bharat Petroleum Corporation surges on reporting over 2-fold jump in Q4 consolidated net profit
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Bharat Petroleum Corporation is currently trading at Rs. 369.75, up by 8.25 points or 2.28% from its previous closing of Rs. 361.50 on the BSE.
The scrip opened at Rs. 371.95 and has touched a high and low of Rs. 371.95 and Rs. 366.20 respectively. So far 156469 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 374.85 on 11-May-2023 and a 52 week low of Rs. 288.20 on 20-Oct-2022.
Last one week high and low of the scrip stood at Rs. 371.95 and Rs. 357.55 respectively. The current market cap of the company is Rs. 80002.04 crore.
The promoters holding in the company stood at 52.98%, while Institutions and Non-Institutions held 36.11% and 10.92% respectively.
Bharat Petroleum Corporation has reported over 2-fold jump in its net profit at Rs 6,477.74 crore for fourth quarter ended March 31, 2023 as compared to Rs 2,501.08 crore for the same quarter in the previous year. Total income of the company increased by 8.21% at Rs 134,146.81 crore for Q4FY23 as compared to Rs 123,968.21 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 6,870.47 crore for fourth quarter ended March 31, 2023 as compared to Rs 2,559.17 crore for the same quarter in the previous year. Total income of the company increased by 7.96% at Rs 133,902.66 crore for Q4FY23 as compared to Rs 124,026.81 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 83.54% fall in its net profit at Rs 1,870.10 crore as compared to Rs 11,363.35 crore for the previous year. However, total income of the company increased by 23.12% at Rs 535,651.54 crore for year under review as compared to Rs 435,051.84 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 81.76% fall in its net profit at Rs 2,131.05 crore as compared to Rs 11,681.50 crore for the previous year. However, total income of the company increased by 23.04% at Rs 535,045.51 crore for year under review as compared to Rs 434,838.16 crore for year ended March 31, 2022
