Bharat Petroleum Corp.'s share price declined before the company released its results for third quarter later in the day. The company will likely report Rs 5,265-crore net profit for the period, according to Bloomberg consensus estimates.
It is expected to report Rs 1.07 lakh crore revenue for the October-December period. Its operating profit or Ebitda will likely have grown to Rs 8,000 crore. It's margin is expected to be at 7.50%.
In the previous quarter, Bharat Petroleum reported a 20% fall in its net profit, missing analysts' expectations. In the July–September quarter, its revenue declined 9% to Rs 1,02,790.39 crore.
BPCL Q2 FY25 Highlights (Standalone, QoQ)
Revenue down 9% to Rs 1,02,790.39 crore (Bloomberg estimate: Rs 1,08,975 crore).
Ebitda down 20% to Rs 4,546.41 crore (Bloomberg estimate: Rs 6,048 crore).
Margin at 4.4% versus 5% (Bloomberg estimate: 5.5%).
Net profit down 20% to Rs 2,397.23 crore (Bloomberg estimate: Rs 4,118 crore)
Bharat Petroleum Share Price Today
Bharat Petroleum Corp.'s share price declined 1.39% to the day's low of Rs 276.30 apiece. It was trading 1.09% down at Rs 277.15 apiece as of 11:16 a.m., as compared to a 0.15% advance in the NSE Nifty 50.
The stock rose 20.10% in 12 months. The relative strength index was at 44.
Out of 34 analysts tracking the company, 18 maintain a 'buy' rating, eight recommend a 'hold' and eight suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 26.1%.
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