BPCL declares final dividend of Rs 58 per equity share

In a year marred by the COVID-19 pandemic, Bharat Petroleum (BPCL) has exceeded all the expectations by posting its highest-ever net profit of Rs 19,041.67 crores.
BPCL declares final dividend of Rs 58 per equity share including one-time special dividend of Rs. 35 per share. BPCL has reported Revenue from Operations of Rs 301,864.98 Crores for the year April-March 2021
The net profit for the fourth quarter of FY21 was Rs.11,940.13 Crores as compared to the loss of Rs.1,361.01 Crores in the corresponding quarter of FY20
Bharat Petroleum the second largest Indian Oil Marketing Company and one of the premier integrated energy companies in India, has posted its highest ever profit of Rs 19,041.67 Crore in FY21, as compared to Rs 2,683.19 Crores in previous year.
Other major highlights of the financial results are given below –

• Net profit for the fourth quarter stood at Rs 11,940.13 crores
• Company’s gross refining margins (GRMs) for the year stood at US$ 4.06 per barrel and for Jan-Mar 2021 period at US$ 6.64 per barrel.
• EBITDA was at Rs. 27,923.99 Crore; EBITDA margin was at 9% in FY21 and 14% Q4FY21
• Debt-Equity ratio as on March 31, 2021 was at 0.48x (as against 1.26x in FY20)BPCL declares final dividend of Rs 58 per equity share
  Physical Performance

• Total Market Sales was 38.74 MMT in FY 21, while Mumbai and Kochi refineries Processed 26.40 MMT in FY 21

• Propylene Derivatives Petrochemical Complex Dedicated to the Nation.

• BPCL added 2,444 New Fuel Stations, taking their network strength to 18,637, the 2nd second highest retailing network in India

• The Company Owned Company Controlled Outlets network increased to to 324 with 12 additions this year

• BPCL launched ‘NextGen” PFS at 530 outlets across six markets to offer a unique experience our customers

• Expanded Umang services to 7,700 Fuel Stations for rural consumers

• Introduced 139 new concept In & Out Zip stores in addition to 120 In & Out stores for urban consumers

• BPCL added 89 new distributors, taking LPG distributor network strength to 6,159 and the customer base increased to 8.42 Crores

• Commissioned LPG Import Terminal with a capacity of 1 MMTPA, at Haldia

• Added two new Bottling Plants at Bolangir (Odisha) and Madurai (Tamil Nadu)
• 26,300 domestic Piped Natural Gas (PNG) connections installed
• 198 CNG Stations commissioned
  Commenting on Q4FY21 performance, Shri N. Vijayagopal, Director (Finance) said, “We witnessed a V-shape recovery in second half of financial year resulting in robust growth in fuel sales. In an unprecedented year that began with a lockdown across country and subdued business & economic activities, fourth quarter was a stand-out quarter that helped Company to report its highest ever growth in bottom-line. Our market sales of HSD (High Speed Diesel) grew by 5.98% and MS (Motor Spirit) grew by 9.89%. Our debt level has come down to normal level of Rs. 26,000 crores. It is our constant endeavour to create value for our stakeholders, therefore we are happy to announce a record final dividend of Rs.58 per share including onetime special dividend of Rs. 35 per share, subject to approval from the shareholders. Further, he congratulated employees of the Company for this stellar performance”