Financials:
Net Profit Decline
- Consolidated net profit dropped by 73% year-on-year to Rs.2,841.55 crores from Rs.10,644.30 crores.
- Sequentially, net profit decreased by 40.6% from Rs.4,789.57 crore in Q4 FY24.
- Decline was attributed to weak refining margins and reduced fuel prices which affected marketing margins.
Revenue and Sales
- Revenue from operations remained stable at Rs.1.28 trillion year-on-year.
- Domestic market sales increased by 3.2% to 13.16 million tonnes from 12.75 million tonnes.
- Crude throughput declined to 10.11 million tonnes from 10.36 million tonnes.
Operational Achievements
- Achieved highest ever average ethanol blending percentage of 14.14% during Q1 FY25.
- Added 171 new fuel stations, bringing the total to 22,011.
- Expanded LPG distributor network by adding five new distributors, totalling 6,255.
- Customer base increased to 93.3 million.
- Commissioned 35 new CNG stations, bringing the total to 2,064 as of June 30.
Management Commentary:
Ethanol Blending
- "We have achieved our highest ever Average Ethanol Blending percentage of 14.14% during Q1FY25," BPCL stated.
Expansion and Network Growth
- BPCL added 171 new fuel stations and five new LPG distributors.
- The company's network strength now includes 22,011 fuel stations and 6,255 LPG distributors.
- Customer base has grown to 93.3 million.
- BPCL also commissioned 35 new CNG stations, bringing the total to 2,064.
Market Sales and Crude Throughput
- Despite the challenges, domestic market sales grew by 3.2%.
Data Source: BSE, Company announcements
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