BPCL stock rallies over 2.5% after Q4 net profit jumps 168%

The state-owned oil marketing company on Monday posted a 168% YoY and 293% QoQ surge in its Q4FY23 consolidated net profit to ₹6,870 crore. It reported a net profit of ₹1,747 crore in the preceding December quarter.

Moody's affirms stable ratings outlook for oil firms IOCL, BPCL, and HPCL

The profitability of the Indian oil marketing companies (OMCs) has increased as retail selling prices of petroleum products have ‘remain unchanged’ during six months in 2022.

LIC buys over 2% stake in BPCL for nearly ₹1,598 crore

The state-owned life insurance behemoth LIC in a regulatory filing on Tuesday said its shareholding in BPCL has increased from 15,25,08,269 to 19,61,15,164 equity shares, increasing its shareholding from 7.03 per cent to 9.04 per cent of the paid-up capital of the company.

BPCL posts over ₹6,000-crore loss in Q1 but some brokerages are still bullish; Here's why

However, despite the loss in Q1, analysts remained mixed in their outlook for BPCL. While some are advising investors to give up and sell the stock some are still bullish on the scrip.

BPCL reports ₹6,291 crore net loss in Q1

Commenting on the performance, Vetsa Ramakrishna Gupta, Director (Finance), BPCL said, BPCL refineries have performed exceptionally well supported by robust international cracks of petroleum products, resulting in the GRM going up.

Government considers selling part of BPCL instead of entire stake: Report

New Delhi is considering inviting bids for a 20%–25% stake in BPCL, instead of an outright sale of its entire 52.98% holding.

Top Bpcl News

markets

BPCL stock rallies over 2.5% after Q4 net profit jumps 168%

markets

markets

markets