Bharat Petroleum Reports its Highest Ever Annual Profit of Rs. 26,674 Crores, Board Recommends Issue of Bonus Shares & Final Dividend

• The Board has advisable challenge of bonus shares within the ratio of one fairness share of Rs. 10 every for each one current fairness share of Rs. 10 every

• Board has advisable last dividend of Rs. 21 per fairness share (pre-bonus) for the yr 2023-24, which interprets into last dividend of Rs. 10.5 per share (post-bonus).

• BPCL has recorded its highest ever annual internet revenue of Rs. 26,673.50 Crores as in comparison with the revenue of Rs. 1,870.10 Crores in FY 22-23.

• The internet revenue for the fourth quarter of FY 23-24 stood at Rs. 4,224.18 Crores as in comparison with the revenue of Rs. 6,477.74 Crores within the corresponding quarter of FY 22-23.

• Consolidated internet revenue for the FY 23-24 stood at Rs. 26,858.84 Crores as in comparison with the web revenue of Rs. 2,131.05 Crores in FY 22-23.

• Consolidated internet revenue for the fourth quarter of FY 23-24 was Rs. 4,789.57 Crores as in comparison with the web revenue of Rs. 6,870.47 Crores within the corresponding quarter of FY 22-23.

• The Revenue from Operations for the yr ended March 31, 2024 was Rs. 5,06,911.36 Crores Vs Rs. 5,33,467.55 Crores within the Previous yr. BPCL standalone has reported Revenue from Operations of Rs. 1,32,084.86 Crores for the quarter Jan-Mar 2024 vs. Rs. 1,33,413.81 Crores within the corresponding comparative quarter.

Bharat Petroleum, one of the premier built-in vitality firms in India, has posted the best ever standalone internet revenue of Rs. 26,673.50 Crores as in comparison with the revenue of Rs. 1,870.10 Crores in FY 22-23.

Major highlights of the monetary outcomes are given under:

• Company’s Gross Refining Margins (GRM) for the interval FY 2023-24 was $14.14/bbl vs. $20.24/bbl within the corresponding comparative interval.

• Net revenue for the FY 2023-24 stood at Rs. 26,673.50 Crores.

• EBITDA for FY 23-24 is Rs. 44,771.49 Crores vs. Rs. 11,780.66 Crores in FY 22-23; EBITDA margin was at 8.83% in FY 23-24 vs. 2.21% in FY 22-23.

• EBITDA for This fall FY 23-24 is Rs. 7,884.14 Crores vs. Rs.10,526.73 Crores in This fall FY 22-23; EBITDA margin was at 5.97% in This fall FY 23-24 vs. 7.89% in This fall FY 22-23.

• Debt-Equity ratio as on March 31, 2024 was at 0.25x (as in opposition to 0.69x as on 31^st March 2023).

• Company’s net-worth elevated to Rs. 74,674.80 Crores as on 31^st March 2024 from 51,996.34 Crores as on 31^st March 2023.

• Board has advisable last dividend of Rs. 21 per fairness share (pre-bonus) for the yr 2023-24, which interprets into last dividend of Rs. 10.5 per share (post-bonus). The stated dividend fee is topic to approval of the shareholders on the Annual General Meeting. This is along with the interim dividend of Rs. 21 (pre-bonus) per fairness share already paid in the course of the yr.

• The Board of Directors has advisable challenge of bonus shares within the ratio of one fairness share of Rs. 10 every for each one current fairness share of Rs. 10 every, which is topic to approval by the shareholders of the corporate.

Physical Performance

• In the present yr, the throughput was 39.93 MMT vs. 38.53 MMT in FY 22-23. Market Sales was 51.04 MMT in FY 23-24 vs. 48.92 MMT in FY 22-23. Sales has grown by 4.33%.

• During This fall FY 2023-24, the throughput was 10.36 MMT vs. 10.63 MMT within the comparative interval. The market gross sales for the interval This fall FY 2023-24 has elevated to 13.18 MMT from 12.91 MMT within the comparative interval (Growth of 2.09%).

• We have achieved Average Ethanol Blending share of 11.69% throughout 2023-24 with highest mixing in This fall FY 2023-24 of 12.15%.

• BPCL added 308 New Fuel Stations in This fall FY 2023-24 (809 in Apr 23 to Mar 24), taking their community power to 21,840.

• 323 CNG Stations commissioned in This fall FY 2023-24 (435 in Apr 23 to Mar 24) taking the entire CNG stations as on 31^st Mar 2024 to 2031.
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This fall FY24 Financial Highlights
(Rs. Crs)

FY 23-24 Financial Highlights

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Shri G. Krishnakumar, C&MD, BPCL stated, “The Financial Year 2023-24 marks a big milestone in our journey. Weve achieved record-breaking operational and monetary efficiency throughout refining throughput, home market gross sales, and profitability. Our Profit After Tax soared to a historic Rs. 26,673.50 Crores. These achievements present a robust basis for BPCLs bold technique ‘Project Aspire’, which, at a deliberate capital outlay of Rs. 1.7 lakh Crores over a interval of 5 years, will gas our subsequent wave of development to create long run worth for our shareholders. Indias booming financial system is our tailwind. Were assured it is going to drive a surge in vitality demand, additional fueling development in our core and new companies. We are planning to broaden our refining capability to 45 MMTPA and add 4,000 new gas stations by FY2029. We are investing in future huge bets together with the establishing of petchem services in Bina and Kochi, tripling our fuel footprint by FY2029, and seizing financial alternatives within the Green Businesses.”

On the outlook for FY 2024-25, he added, “We stay cautiously optimistic and count on the crude oil costs to stay within the vary of US$ 83-87/bbl within the close to future. While geopolitical tensions and provide chain disruptions are potential hurdles, have been ready to navigate these uncertainties with agility and effectivity.”

He additional added, “We are happy to tell that the Board of Directors has advisable challenge of bonus shares within the ratio of one fairness share for each one current fairness share. This is topic to approval by the shareholders of the corporate.”

About Bharat Petroleum Corporation Ltd. (BPCL)

Fortune Global 500 Company, Bharat Petroleum is the second largest Indian Oil Marketing Company and one of the built-in vitality firms in India, engaged in refining of crude oil and advertising and marketing of petroleum merchandise, with presence within the upstream and downstream sectors of the oil and fuel trade. The firm attained the coveted Maharatna standing, becoming a member of the membership of firms having better operational & monetary autonomy.

Bharat Petroleum’s Refineries at Mumbai, Kochi and Bina have a mixed refining capability of round 35.3 MMTPA. Its advertising and marketing infrastructure features a community of installations, depots, vitality stations, aviation service stations and LPG distributors. Its distribution community includes over 21,800+ Energy Stations, over 6,200 LPG distributorships, 525 Lubes distributorships, and 123 POL storage places, 53 LPG Bottling Plants, 70 Aviation Service Stations, 4 Lube mixing vegetation and 4 cross-country pipelines as on 31.03.2024.

Bharat Petroleum is integrating its technique, investments, environmental and social ambitions to maneuver in direction of a sustainable planet. The firm has chalked out the plan to supply electrical automobile charging stations at round 7000 vitality stations over subsequent 5 years.

With a give attention to sustainable options, the corporate is growing an ecosystem and a road-map to turn out to be a Net Zero Energy Company by 2040, in Scope 1 and Scope 2 emissions. Bharat Petroleum has been partnering communities by supporting a number of initiatives linked primarily within the areas of schooling, water conservation, talent improvement, well being, group improvement, capability constructing and worker volunteering. With ‘Energising Lives’ as its core function, Bharat Petroleum’s imaginative and prescient is to be an admired world vitality firm leveraging expertise, innovation & expertise.

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