BPCL fell 0.96% to Rs 536.50 on BSE after net profit fell 15.19% to Rs 4068.37 crore on 12.54% increase in total income to Rs 75194.71 crore in Q4 March 2014 over Q4 March 2013.
The result was announced during trading hours today, 29 May 2014.
Meanwhile, the BSE Sensex fell 321.94 points, or 1.31%, to 24,234.15.
On BSE, 1.55 lakh shares were traded in the counter, compared with an average volume of 1.31 lakh shares in the past one quarter.
The stock hit a high of Rs 555 and a low of Rs 532.15 during the day. The stock hit a record high of Rs 588.50 on 19 May 2014. The stock hit a 52-week low of Rs 256 on 6 August 2013.
The stock had outperformed the market over the past one month till 28 May 2014, rising 18.62% compared with 8.50% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 43.44% as against Sensex's 16.27% rise.
Also Read
The large-cap public sector oil marketing company (PSU OMC) has an equity capital of Rs 723.08 crore. Face value per share is Rs 10.
BPCL's net profit rose 53.65% to Rs 4060.88 crore on 8.16% increase in total income to Rs 261529.19 crore in the year ended March 2014 (FY 2014) over the year ended March 2013 (FY 2013).
On a consolidated basis, the company's net profit surged 107.92% to Rs 3910.68 crore on 9.07% increase in total income to Rs 265806.39 crore in FY 2014 over FY 2013.
BPCL received discount of Rs 15576.78 crore in FY 2014 (FY 2013: Rs 16844.49 crore) on crude oil/products purchased from ONGC/GAIL (India)/NRL, which has been adjusted against the purchase cost.
The company received compensation of Rs 18374.28 crore advised by the Government of India by way of subsidy in FY 2014 as against Rs 21896.65 crore in FY 2013 as revenue from operations.
Consequent to non-revision in retail selling prices corresponding to the international prices and applicable foreign exchange rates prevailing during the current year, BPCL has absorbed net under-recovery of Rs 511.50 crore in FY 2014 (FY 2013: Rs 249.29 crore) on sale of sensitive petroleum products.
Other expenditure in FY 2014 includes Rs 678.03 crore (FY 2013: Rs 769.09 crore) towards loss on account of foreign currency transactions and translations.
PSU OMCs suffer under-recovery on domestic sales of diesel, kerosene and LPG at government controlled prices.
State-run oil firms like ONGC and GAIL (India), etc share the under recoveries of PSU OMCs by allowing discount in the prices of crude oil, PSD kerosene, and domestic LPG based on the rates of discount communicated by the Ministry of Petroleum and Natural Gas and the Petroleum Planning and Analysis Cell.
The Government of India (GoI) holds 54.93% stake in BPCL (as per the shareholding pattern as on 31 March 2014).
Powered by Capital Market - Live News