Privatisation-bound gasoline retailer Bharat Petroleum Corporation Restricted on Wednesday documented a return to internet revenue in March quarter at Rs 11,940 crore, which involves a single-time gain of Rs six,993 crore, as versus internet loss of Rs 1,361 crore in the calendar year-in the past period. Earnings before excellent item is at Rs 5,244.5 crore.
Income from operations rose 21% to Rs 98,756 crore as in comparison to Rs eighty one,296 crore in March 2020.
The firm’s board advisable ultimate dividend of Rs fifty eight for each share. The firm documented an boost of 15% in revenue and about seventeen% in EBITDA on a sequential basis.
On Wednesday, the firm’s scrip on NSE shut almost 1% reduced at Rs 470.25.
Mining-to-oil conglomerate Vedanta and private equity companies Apollo World-wide and I Squared Capital’s arm Believe Fuel are in the race to buy governing administration stake in BPCL.
The stake sale in India’s 2nd-major gasoline retailer is important to designs to increase a history Rs 1.seventy five lakh crore from disinvestment proceeds in fiscal 2021-22 (April 2021 to March 2022).
BPCL will give the purchaser possession of about 15.33 for each cent of India’s oil refining capacity and 22 for each cent of the gasoline internet marketing share.
The purchaser of the firm will get 35.3 million tonnes of refining capacity — twelve million tonne Mumbai unit, 15.5 million tonne Kochi refinery and seven.eight million tonne Bina unit.
BPCL also owns 18,639 petrol pumps, six,166 LPG distributor agencies and 61 out of 260 aviation gasoline stations in the region.
The agency also has upstream presence with 26 belongings in nine international locations these types of as Russia, Brazil, Mozambique, the UAE, Indonesia, Australia, East Timor, Israel and India. It is also making a foray into metropolis gas distribution and has licences for 37 geographical regions (Fuel).
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