BPCL’s Q1FY25 Results

• BPCL reported a 7.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter ended Sept (Q2FY25). On a year-on-year (YoY) basis, it witnessed a growth of 1.1%.
• Its expenses for the quarter were down by 7.1% QoQ and up by 9% YoY.
• The net profit reduced 19.2% QoQ and 72.1% YoY.
• The earnings per share (EPS) of BPCL stood at 5.4 during Q2FY25.

BPCL’s Financial Statements for Q2FY25:

Financials:

• Revenue: Q2FY25 consolidated revenue stood at ₹118,646 crore, down 7.8% QoQ, but up 1.1% YoY.
• Expenses: Total expenses reached ₹116,133 crore, decreasing 7.1% QoQ and rising 9% YoY.
• Net Profit: PAT stood at ₹2,297 crore, showing a decline of 19.2% QoQ and 72.1% YoY.
• Earnings Per Share: EPS dropped to ₹5.4 from ₹6.7 in Q1FY25 and ₹19.4 YoY.

Management Commentary:

• Net Negative Buffer: BPCL reported a cumulative net negative buffer of ₹4,119.72 crore as of Sept 30, 2024, impacting LPG revenue.
• MoPNG Directive: A Ministry of Petroleum circular mandates that if LPG Market Price (MOP) is less than Effective Customer Cost (ECC), OMCs retain the difference in a buffer account. This buffer turned negative later.
• H1FY25 Market Sales: 2.45% growth, totaling 25.55 MMT; Q2 market sales rose 2% to 12.39 MMT YoY.
• EBITDA: Q2 EBITDA stood at ₹5,436.03 crore, down from ₹13,679.21 crore YoY.
• EBITDA Margin: Decreased to 4.61% from 11.73% YoY

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results