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PSU stock jumps 3% after its net profit increases by 19.63% in Q3

Energy PSU reported a 19.63% increase in net profit to ₹3,805.94 crore for December 2024, despite a 2.02% decline in sales and revenue, reflecting strong profitability amidst market challenges.
PSU stock surges 3% after Q3 net profit rises 19.63%, reflecting strong financial performance.
PSU stock surges 3% after Q3 net profit rises 19.63%, reflecting strong financial performance.

Introduction:

Leading energy PSU reported a 19.63% YoY increase in net profit, reaching ₹3,805.94 crore for the quarter ending December 2024. Despite a decline in sales and revenue, the company showcased strong profitability growth amid market challenges.

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Also Read: Stocks To Watch For Budget 2025

Share price movement of BPCL:

On January 23, 2025, Bharat Petroleum Corporation Ltd. opened at ₹284.70, up 2.53% from its previous close of ₹277.70. The stock reached a high of ₹284.70 (2.53%) and a low of ₹272.55. By 10:40 AM, it traded at ₹273.85, with a market cap of ₹1,18,808.98 crore.

Bharat Petroleum Reports 19.63% Profit Growth:

Bharat Petroleum Corporation reported a 19.63% increase in net profit, reaching ₹3,805.94 crore for the quarter ending December 2024, compared to ₹3,181.42 crore in the same period last year, showcasing strong profitability growth despite challenging market conditions.

However, sales declined by 2.02% to ₹1,13,165.87 crore during the quarter, down from ₹1,15,499.14 crore in the previous year. Revenue from operations also dropped to ₹1,27,551 crore from ₹1,29,985 crore, reflecting slight pressures on top-line performance.

The company announced an interim dividend of ₹5 per share for FY25, with January 29 set as the record date for the dividend payout. This demonstrates BPCL’s commitment to delivering value to its shareholders.

Recent news on BPCL:

As of January 22, 2025, Bharat Petroleum Corporation Ltd. plans to invest $121 million in the development of the Nunukan oil and gas block in Indonesia. BPCL’s exploration unit holds a 16.23% stake, seeking regulatory approvals.

Stock performance of BPCL for Period of 1 week, 6 months and 1 year:

Bharat Petroleum Corporation Ltd. has delivered a 4.01% return over the past week. While the company saw a 15.6% decline over the last six months, its performance remains positive with a 16.4% return over the past year.

Also Read: Best Sectors To Watch For Budget 2025

Shareholding pattern of BPCL:

All values in %Dec 2024Sep 2024Jun 2024
Promoter53.00%53.00%53.00%
FII14.70%15.40%15.00%
DII23.20%23.00%22.30%
Public9.10%9%9.70%
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About BPCL:

Bharat Petroleum Corporation Ltd. (NSE: BPCL) is a leading Indian oil and gas company engaged in refining, distribution, and marketing. With a significant presence in both domestic and international markets, BPCL is known for its strong operational performance and strategic investments.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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