BPCL Q4 Results: Consolidated PAT skyrockets 168.46%; declares a dividend of 40%

BPCL Q4 Results: Bharat Petroleum Corporation Limited (BPCL) today (May 22) announced its fourth-quarter results, clocking a huge jump of 168.46 per cent in its consolidated net profit year on year. The company's consolidated income also jumped nearly 8 per cent from the year-ago period. 

BPCL's consolidated profit after tax (PAT) soared more than 168 per cent, jumping from Rs 2,559.17 crore in the fourth quarter of FY22 to Rs 6,870 crore in Q4 FY23.

The company's total income during the same period also saw a jump of 7.96 per cent as it rose from Rs 124,026.81 crore to Rs 133,902.66 crore. 

BPCL's total expenses in the quarter under review also jumped 4.36 per cent, from Rs 119,691.03 crore to Rs 124,909.24 crore. 

The company said that its Board of Directors had also recommended a dividend of Rs.4/- per equity share (40 per cent) of face value of Rs.10/- each for the financial year ended 31st of March 2023, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM).

The dividend would be paid within 30 days from the date of its declaration at the AGM.

The company's share price jumped 0.50 per cent today. It opened at Rs 360.30 and closed at Rs 362.10 in the evening.