Quote on BPCL Ltd. Q2FY25 Result by Akriti Mehrotra, Research Analyst, StoxBox
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Below the Quote on BPCL Ltd. Q2FY25 Result by Akriti Mehrotra, Research Analyst, StoxBox
BPCL Ltd. Q2FY25 Result First Cut - Profit dipped due to weakening margins
- BPCL reported a consolidated revenue growth of 1.1% YoY / down 7.9% QoQ to Rs. 1,17,949 crores, missing the street estimates.
- EBITDA decreased 65.1% YoY / down 19.7% QoQ to Rs. 4,517 crores, while EBITDA margin stood at 3.8% (down 726 bps YoY / down 56 bps QoQ) in Q2FY25.
- Profit after Tax declined 72% YoY / down 19% QoQ to Rs. 2,297 crores in Q2FY25. PAT margin came at 1.9% versus 2.2% in the previous quarter.
- The refinery data during the quarter declined marginally to 10.28 MMT, compared with 9.35 MMT in the last quarter.
- The market sales of the company for Q2FY25 grew 1.6% to 12.39 million metric tonnes compared to 12.19 million metric tonnes for Q2FY24.
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Oil refining giant Bharat Petroleum Corp. Ltd. reported weak operational performance annually in Q2FY25 due to lower marketing margins and adverse weather conditions impacting agricultural demand. The average gross refining margin (GRM) fell to $6.12/barrel in H1FY25, down from $15.42/barrel in the same period last year. While improved marketing margins and a rebound in GRM could enhance future performance. With a decline in fuel consumption and falling global crude oil prices, we will closely monitor any government actions that could affect the company's financial performance in the short to medium term.
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