Bharat Petroleum Corporation Ltd. announced a fall in its profit for the second quarter of fiscal 2025, missing analysts' estimates.
The oil marketing company reported a 20% fall in the consolidated profit at Rs 2,397.23 crore for the July-September quarter, compared to Rs 3,104.77 crore in the previous quarter, according to an exchange filing. The analysts polled by Bloomberg had estimated a Rs 4,118-crore net profit.
The average gross refining margin of the company in the April to Sept. 2024 period stood at $ 6.12 per barrel, marking a 60% drop from the same period a year ago.
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)
Key Performance Highlights
Lower revenues were driven by low petroleum product demand during the quarter due to an erratic monsoon season.
The company's refinery throughput saw a 1.68% sequential uptick to 10.28 million metric tonnes.
Market sales fell 5.8% over the same period, reflecting low demand, while export sales jumped over 2 times sequentially.
As of Sept. 2024, the company's LPG losses stood at Rs 4,119.72 crore vs Rs 2,000 crore in Q1.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
