InvestorQ : How do you see the quarterly results of BPCL for the Mar-21 quarter?
Niti Shenoi made post

How do you see the quarterly results of BPCL for the Mar-21 quarter?

ishika Banerjee answered.
8 months ago

The net profit of BPCL for the Mar-21 quarter came in at a record level of Rs10,301cr as against a net loss of Rs-1,847cr in the Mar-20 quarter. This included an exceptional item of gain from sale of Numaligarh refinery, but even if you exclude that, the net profit more than doubled compared to the Dec-20 net profit of Rs.1,565cr. Net margins of BPCL at 13.43% in the Mar-21 quarter were higher than 2.37% in Dec-20 quarter.

In terms of top line, BPCL reported 11.13% yoy growth in net sales revenues for the Mar-21 quarter at Rs.76,680 crore. The sales got a boost from higher crude prices combined with improved GRMs in the quarter. Volumes were also better. For Mar-21 quarter, BPCL reported 10.26 MMT throughput compared to 10.08 MMT. Export sales for the Mar-21 quarter improved from 0.52 MMT to 0.65 MMT in Mar-21 quarter.

For the Mar-21 quarter, BPCL booked an exceptional gain of Rs.6,473 crore from the sale of its stake in Numaligarh Refinery to Oil India Ltd. The company gained from improved GRMs as well as inventory valuation and translation benefits on account of sharply higher Brent crude prices on a yoy basis.