Bharat Petroleum Corporation (BPCL) posted a loss

Bharat Petroleum Corporation (BPCL) posted a loss of Rs 17,181 million during the quarter ended June 2010 as compared to a profit of Rs 6,141.20 million reported during the same quarter previous year.Moreover, the company's net sales during the quarter for the June quarter surged 34.28% to Rs 342,325.20 million, while total income for the quarter grew by 32.01% to Rs 345,534.00 million over the same period last year.It also reported loss of Rs 47.52 a share during the quarter as against earnings of Rs 16.99 a share reported in the previous year period.The direct market sales of the company during the June 2010 quarter stood at 7.34 MMT as compared to Rs 6.94 MMT achieved during the corresponding period of previous year. The increase is mainly in MS-Retail (12.41%), HSD Retail (14.15%), ATF (38.38%) and LPG (8.22%). Moreover, the average gross refining margin during the June 2010 quarter stood at $3.57 per barrel.The other expenditure during the quarter includes Rs 15,635 lakhs as compared to Rs 1,967 lakhs during June 2009 quarter on account of LPG cylinders depreciated at 100%. Meanwhile, BPCL in a move that will enable it to offer international bunkering of furnace oil at competitive rates last week has commissioned its international bunkering facilities at the Kochi port.The facility at the south coal berth in Willingdon Island was launched on Wednesday jointly by Mr. D.M. Reddy, ED (I&C) BPCL, Mr. Stefan Herde, Managing Director of Singapore-based Matrix Bharat Marine Services Pvt Ltd and Mr. N. Ramachandran, Chairman, Kochi port.BPCL today closed at Rs.642.35, up by 0.53% on BSE.The stock hit an intraday high of Rs.655 till now, as against the 52-week high of Rs.718.The stock hit a low of Rs.630 during the day. The stock had hit a 52-week low of Rs.460 on July 29, 2009.The stock opens at Rs.637 at BSE. The total traded volume of the scrip on BSE till now stood at 679784.Meanwhile today, the BSE Sensex closed lower by 123.71 points, or 0.69%, at 17868.29.The NSE Nifty closed down by 41.30 points, or 0.76%, at 5367.6.BPCL has an equity capital of Rs 361.54 crore as of 2010 March. The face value per share is Rs 10. At the current price of Rs 642.35, the P/E multiple stood at 15.0850008229679 with book Value of 377.98 and P/BV at 1.70.The total shareholding pattern of the company as on Dec 2009 stood at Promoters- 54.93%, Institutional Investors- 28.44%, General Public- 2.77% and other investors- 13.85%. Considering the current price of Rs. 642.35, the stock had underperformed the market over the past one month till 30/07/2010 declined 3.06% as compared to the Sensex's return of 0.95% and NSE Nifty's 1.04 % returns.Considering the current price of Rs. 642.35, the stock had outperformed the market over the past one quarter till 30/07/2010 surged 23.71% as compared to the Sensex's return of 2.77% and NSE Nifty's 2.77 % returns.