Bharat Petroleum has out-spaced all the expectations by accounting for its highest-ever-net profit of Rs. 19,041,67 crores, in a year impaired with Covid-19 pandemic.
BPCL declares the final dividend of Rs 58 per equity share, including a one-time special dividend of Rs. 35 per share.
Bharat Petroleum the second largest Indian Oil Marketing Company and one of the premier integrated energies companies of India, reports a Revenue from Operations of Rs. 301,864,98 Crores for the year March-April 2021.
BPCL shares a higher net profit for the fourth quarter of FY21 of RS. 11,940.13 Crores as compared to FY20 of the same quarter.
Gross Refiling Margins (GRM) for the year stood at US$ 4.06 per barrel and for Jan-March 2021, US$ 6.64 per barrel.
EBITDA margin was 9% in FY21 and 14% for Q4 of FY21, at Rs. 27,923.99 crores.
Finance Director, Shri N. Vijayagopal on Q4 FY21 performance, says, “ We witnessed a V-shape recovery in the second half of financial year resulting in robust growth in fuel sales. The fourth quarter has stand-out helping the company to report its highest-ever growth in bottom-line after the deteriorating business and economic activities during the pandemic crisis, across the nation. Our High-Speed Diesel (HSD) surges the growth by 5.98% and Motor Spirit (MS) grew by 9.89%. Now, the Company’s debt level is the normal level of Rs. 26,000 Crores.”
He even states that this profit is due to the constant endeavour of their Stakeholders. Further, he congratulates the employees of the Company for this stellar performance.
Based on the Company’s physical performance, total market sales in FY21 was 38.74 MMT with an addition of 2,444 new Fuel Stations taking their strength to 18,637, while there was a Company Controlled Outlets network increase to 324 with 12 additions was seen this year, 198 CNG stations got commissioned too.
Further, BPCL also added 89 new LPG distributors, two Bottling Plants at Bolangir (Odisha) & Madurai (Tamil Nadu), and approximately 26,300 PNG connections were also installed.