BPCL’s Q1FY25 Results
BPCL’s revenue grew 1.1% YoY
- 30 Oct 2024
- BPCL reported a 7.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter ended Sept (Q2FY25). On a year-on-year (YoY) basis, it witnessed a growth of 1.1%.
- Its expenses for the quarter were down by 7.1% QoQ and up by 9% YoY.
- The net profit reduced 19.2% QoQ and 72.1% YoY.
- The earnings per share (EPS) of BPCL stood at 5.4 during Q2FY25.
BPCL’s Financial Statements for Q2FY25:
| (₹ crores) | Q2FY24 | Q1FY25 | Q2FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 117,333 | 128,677 | 118,646 | -7.8% | 1.1% |
Total expenses | 106,512 | 125,055 | 116,133 | -7.1% | 9.0% |
Profit before tax | 11,056 | 3,859 | 3,094 | -19.8% | -72.0% |
Tax | 2,812 | 1,017 | 796 | -21.7% | -71.7% |
Profit after tax | 8,244 | 2,842 | 2,297 | -19.2% | -72.1% |
Earnings per share | 19.4 | 6.7 | 5.4 |
Financials:
- Revenue: Q2FY25 consolidated revenue stood at ₹118,646 crore, down 7.8% QoQ, but up 1.1% YoY.
- Expenses: Total expenses reached ₹116,133 crore, decreasing 7.1% QoQ and rising 9% YoY.
- Net Profit: PAT stood at ₹2,297 crore, showing a decline of 19.2% QoQ and 72.1% YoY.
- Earnings Per Share: EPS dropped to ₹5.4 from ₹6.7 in Q1FY25 and ₹19.4 YoY.
Management Commentary:
- Net Negative Buffer: BPCL reported a cumulative net negative buffer of ₹4,119.72 crore as of Sept 30, 2024, impacting LPG revenue.
- MoPNG Directive: A Ministry of Petroleum circular mandates that if LPG Market Price (MOP) is less than Effective Customer Cost (ECC), OMCs retain the difference in a buffer account. This buffer turned negative later.
- H1FY25 Market Sales: 2.45% growth, totaling 25.55 MMT; Q2 market sales rose 2% to 12.39 MMT YoY.
- EBITDA: Q2 EBITDA stood at ₹5,436.03 crore, down from ₹13,679.21 crore YoY.
- EBITDA Margin: Decreased to 4.61% from 11.73% YoY
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
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