BPCL Achievement | The central government feels burdened, this company did wonders, earned huge profits!
File Photo Mumbai: Indian Petroleum Corporation Limited (BPCL) has achieved a major milestone. The company performed strongly in the March quarter. The company achieved a new height in revenue. In the fourth quarter of the last financial year, this company performed in such a way that the eyes of the Central Government were fixed on them. With an increase of 158.99% in the profit of this company, this figure has reached Rs 6,477.74 crore. BPCL had posted a profit of Rs 2501.08 crore in the same quarter of the previous financial year. The company had earned a profit of Rs 1,959.58 crore in the December quarter. The revenue has increased so much, the revenue of BPCL has also increased in the March quarter. The company’s revenue increased by 8.3% to Rs 1,33,413.81 in the fourth quarter. The company’s revenue in the same quarter of the previous financial year was Rs 1,23,382 crore. The company did not earn that much profit on a quarterly basis. There was a huge increase in the expenses of the BPCL company in the March quarter. This expenditure reached Rs 1,24,668.36. Collectively, the company’s profit stood at Rs 6,870.47 crore. The figure was Rs 2,559.17 crore in the same quarter a year ago. BPCL’s market sales for the financial year ending March 31, 2023 stood at 48.92 MMT as against 42.51 MMT in the previous year. ATF sold 65.64%, HSD-Retail 25.36% and MS-Retail 18.01%. The Board of BPCL has declared dividend distribution to its shareholders. The Board of Directors of the company will get a dividend of Rs 4 for every Rs 10 of face value. The decision is yet to be ratified at the annual general meeting. On Monday, BPCL shares closed at Rs 362.10, up 0.50%, on the NSE. The company’s stock has seen an increase of 4% in the last one month. The share price has gained more than 9% in the last one year. Since the year 2000, BPCL has declared bonus to shareholders four times. Read this also Government banks also benefit State Bank of India’s profit increased by 59% to Rs 50,232 crore in the last financial year. Bank of Maharashtra took a big leap, surprised everyone, this bank was very profitable. Mahabank made a profit of 126%. The bank earned Rs 2,602 crore. After that there is UCO Bank’s number. This bank posted 100% profit at Rs 1,862 crore and Bank of Baroda registered a profit of Rs 14,110 crore with a growth of 94%.