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Bharat Petroleum, one of the premier integrated energy companies in India, has posted a standalone net profit of Rs. 1,870.10 Crores for the FY 22-23, as compared to the restated profit of Rs. 11,363.35 Crores in FY21-22.

Other major highlights of the financial results are given below (standalone)

* Highest ever gross refining margins (GRM) of $20.24/bbl for the period Apr – Mar 2023.

* Pursuant to MCA order, Bharat Oman Refineries Limited was amalgamated with BPCL and the financial performance of Bina refinery has been included in BPCL w.e.f 1 st July 2021. Pursuant to MCA order, Bharat Gas Resources Limited was amalgamated with BPCL and the financial performance of Bharat Gas Resources Limited has been included in BPCL w.e.f 1 st April 2021. In view of above mergers, the accounts have been restated for respective periods.

* EBITDA for Q4 FY 22-23 is Rs. 10,526.73 Crores Vs Rs. 6,572.48 Crores in Q4 FY 21-22; EBITDA margin was at 7.89% in Q4 FY 22-23 Vs 5.33% in Q4 FY 21-22.

* Debt-Equity ratio as on March 31, 2023 was at 0.69x (as against 0.65x as at 31 st March 2022)

* Board has declared final dividend of 40% for the year 2022-23 which is equivalent to Rs 4 per equity share. The said    dividend payment is subject to approval of the shareholders at the Annual General Meeting

Physical Performance (standalone)

* In Q4 FY 2022-23, the throughput was 10.63 MMT Vs 10.15 MMT in Q4 FY 2021-22. Market Sales was 12.91 MMT in Q4 FY 22-23 Vs 11.82 MMT in Q4 FY 21-22. Sales has grown by 9.22%. During Apr to Mar’23, the throughput was 38.53 MMT Vs 35.89 MMT in the comparative year.

* Highest ever market sales of 48.92 MMT for the period Apr to Mar’23 against 42.51 MMT in the comparative period, with growth of 15.08%.

* We have achieved Average Ethanol Blending percentage of 10.59% during Apr to Dec 22 with highest blending in Q4 FY 2022-23 of 11.86%

* BPCL added 300 New Fuel Stations in Q4 FY 2022-23 (986 in Apr 22 to Mar 23), taking their network strength to 21,029

* 354 CNG Stations commissioned in Q4 FY 2022-23 (482 in Apr 22 to Mar 23) taking the total CNG stations as on 31 st Mar 2023 to 1602.

Q4 FY 2022-23 FINANCIAL HIGHLIGHTS

Fortune Global 500 Company, Bharat Petroleum is the second largest Indian Oil Marketing Company and one of the premier integrated energy companies in India, engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted Maharatna status, joining the elite club of companies having greater operational & financial autonomy.

Bharat Petroleum’s Refineries at Mumbai, Kochi and Bina Refinery have a combined refining capacity of around 35.3 MMTPA. Its marketing infrastructure includes a network of installations, depots, energy stations, aviation service stations and LPG distributors. Its distribution network comprises over 21,000 Energy Stations, over 6,200 LPG distributorships, 525 Lubes distributorships, 123 POL storage locations, 53 LPG Bottling Plants, 70 Aviation Service Stations, 4 Lube blending plants and 4 cross-country pipelines.

Bharat Petroleum is integrating its strategy, investments, environmental and social ambitions to move towards a sustainable planet. The company has chalked out the plan to offer electric vehicle charging stations at around 7000 energy stations over next 5 years.

With a focus on sustainable solutions, the company is developing a vibrant ecosystem and a road-map to become a Net Zero Energy Company by 2040, in Scope 1 and Scope 2 emissions. Bharat Petroleum has been partnering communities by supporting innumerable initiatives connected primarily in the areas of education, water conservation, skill development, health, community development, capacity building and employee volunteering. With ‘Energising Lives’ as its core purpose, Bharat Petroleum’s vision is to be the most admired global energy company leveraging talent, innovation & technology.

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