BPCL Share Price Declines Ahead Of Q3 Results

Bharat Petroleum Corp. will likely report Rs 5,265-crore net profit for the period, according to Bloomberg consensus estimates.

Bharat Petroleum Corp.'s share price declined 1.39% to the day's low of Rs 276.30 apiece. (Photographer: Vijay Sartape/NDTV Profit)

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)

Also Read: BPCL Q3 Results: Date, Dividend News, Earnings Conference Call Details And More

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%.

Also Read: Stock Market Today: Sensex Recovers 588 Points From Day's Low During Last-Hour Trade As Tech Shares Rally

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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