BPCL Director of Finance VRK Gupta’s Dipawali Message and Q2 Results Update

Mumbai, October 25, 2024: On the occasion of Dipawali, VRK Gupta, Director of Finance at Bharat Petroleum Corporation Limited (BPCL), addressed stakeholders and investors, highlighting the company’s impressive Q2 performance. Global Economy Overview The global economy is expected to maintain a 3.2% annual growth rate through 2024 and 2025, despite geopolitical and trade tensions posing inflation risks. India’s economy remains the world’s fastest-growing major economy, projected to grow 6.5-7.2% in FY25. Oil Market Dynamics Oil prices remain volatile due to geopolitical risks, uncertain Chinese demand, and macroeconomic factors. Consumption of petroleum products in India continues to grow, with a 4% increase in H1. BPCL’s Q2 Performance BPCL achieved: – Market share gain of 0.10% in MS Retail and 0.12% in HSD Retail among PSUs in H1 – Retail volume growth of 6.5% for MS and 1.5% for HSD – Refineries throughput of 10.28 MMTPA, 114% of nameplate capacity – GRM of $4.41/barrel in Q2 and $6.12/barrel in H1 – PDPP Plant operating capacity of 80.2% in H1 Marketing Highlights – Domestic market sales growth of 1.6% YOY in Q2 – Commissioning of 540+ new retail outlets in H1FY25 – Addition of 90 CNG retail outlets, taking the total to 2120 – Highest-ever 14.97% ethanol blending achieved New Initiatives – Entry into future fuel segment with LNG station commissioning – Participation in NHAI’s Way Side Amenities plan – JV agreements for renewable energy and green hydrogen Financial Highlights – Revenue from operations: Rs. 117,952 crores – Profit after tax: Rs. 2,397 Cr – Capex spend: Rs. 5,662 Cr (Apr-Sep 2024) – Net worth: Rs. 76,245 crores (as of Sep 30, 2024) – Dividend distribution: Rs. 4,447 crores Mr. Gupta concluded by expressing optimism about BPCL’s future prospects, despite global economic challenges.