Bharat Petroleum Corporation (BPCL) on Wednesday reported a 37% year-on-year growth in its December quarter net profit, which stood at Rs 3,806 crore, compared to Rs 3,181 crore in the same period last year. However, this was below Street estimates of Rs 5,200 crore. The company’s board also approved an interim dividend of Rs 5 … Read more
Shares of Bharat Petroleum Corporation (BPCL) jumped over 5% to hit a 52-week high of Rs 517.85 on the NSE on Tuesday, extending its gains to the second session and up to 9% following the fuel retailer’s December quarter earnings on Monday during market hours. The stock rallied following its post-earnings conference call held on … Read more
Shares of oil marketing companies (OMCs) fell in Wednesday’s trade following the government’s decision to slash prices of LPG cylinders by Rs 200 per refill. Hindustan Petroleum Corporation (HPCL) was the top loser as stock price declined 2.5% to the day’s low of Rs 350.20. Meanwhile, Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) … Read more
State-owned Bharat Petroleum Corporation Ltd () reported consolidated net profit of Rs 1,747 crore for the December quarter — a fall of 36% when compared with Rs 2,579 crore of the same quarter last year. On Monday, ahead of the results, BPCL stock closed 0.13% higher at Rs 337 apiece on NSE. Meanwhile, revenue from … Read more
NEW DELHI: BPCL divestment process is unlikely to restart this year, ET NOW said quoting sources. Sources said a fresh discussion on new terms and conditions for the divestment has not started yet. The oil ministry is skeptical about getting a good response in the current geopolitical situation, they said. The government had in May … Read more