Refinery Major Declares Net Profit Of 168% YoY, Rs 4/Share Dividend

Oil and Gas Company BPCL has reported impressive financial results for the fourth quarter of the fiscal year. The company's net profit has witnessed a remarkable surge of 168% year-on-year, reaching a staggering Rs 6,870 crore.

Revenue from operations increased by 8% to Rs 1.33 lakh crore in the reporting quarter, compared to Rs 1.23 lakh crore in the previous year's equivalent quarter.

The Board of Directors has recommended a dividend of Rs.4/- per equity share with a face value of Rs.10/- for the fiscal year ended March 31, 2023, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The dividend would be paid out within 30 days following its declaration at the AGM.

BPCL shares were trading at 361.50 per share on Monday, up 0.33 percent. The stock's 52-week high price is Rs 374.85, while its 52-week low price is Rs 288.20. The market capitalisation of the firm is Rs 78,418.49 crore.