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Indian Administration

Bharat Petroleum Reports Strong Q1 Performance

Bharat Petroleum Reports Strong Q1 Performance
In a remarkable financial performance, Bharat Petroleum Corporation Limited (BPCL) has achieved significant growth in Q1 FY 2024-25. Let’s dive into the highlights: Market Sales Surge: BPCL’s market sales reached an impressive 13.16 million metric tons (MMT) during Q1 FY 24-25, marking a 3.22% increase compared to the same period in FY 23-24. This growth reflects BPCL’s robust presence in the energy sector. Financial Snapshot: Revenue from Operations: Rs. 1,28,103.36 Crores in Q1 FY 2024-25, slightly down from the corresponding comparative quarter’s Rs. 1,28,256.65 Crores. Net Profit: BPCL recorded a net profit of Rs. 3,014.77 Crores, demonstrating resilience despite market dynamics. In FY 23-24, the profit stood at Rs. 10,550.88 Crores. Key Financial Metrics: Gross Refining Margins (GRM): Maintained at $7.86/bbl (compared to $12.64/bbl in the corresponding period). EBITDA: Rs. 6,156.28 Crores in Q1 FY 24-25 (down from Rs. 16,301.77 Crores in Q1 FY 23-24). EBITDA margin: 4.81% (versus 12.71% in Q1 FY 23-24). Debt-Equity Ratio: Improved to 0.19x (compared to 0.45x as of June 30, 2023). Operational Milestones: Throughput: 10.11 MMT in the current quarter (versus 10.36 MMT in Q1 FY 23-24). Ethanol Blending: Achieved an all-time high of 14.14% during Q1 FY 24-25. Fuel Stations: BPCL added 171 new fuel stations, expanding its network to 22,011. LPG Distributors: The network strength increased to 6,255, serving a customer base of 9.33 Crore. CNG Stations: Commissioned 35 new CNG stations, bringing the total to 2,064 as of June 30, 2024. Financial Highlights (Consolidated and Standalone): Metric Q1 FY 2024-25 Q1 FY 2023-24 Change (%) Revenue from Operations Rs. 1,28,103 Crs Rs. 1,28,257 Crs -0.12% EBITDA Rs. 6,156 Crs Rs. 16,302 Crs -62.24% Net Profit Rs. 3,015 Crs Rs. 10,551 Crs -71.42% BPCL’s strategic focus on sustainability, operational excellence, and customer-centric growth continues to drive its success.

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