Bharat Petroleum Corporation Ltd. (BPCL) reported fourth quarter standalone net profit more than doubled to ₹6,478 crore year-on-year. Revenue during the quarter climbed 8% to ₹1.33 lakh crore.
For the financial year ended March 31, net profit plunged almost 84% year-on-year to ₹1,870 crore. The board has recommend a dividend of 4 per equity share.
For the fourth quarter, the company’s reported consolidated net profit more than doubled to ₹6,870 crore. For FY23, the consolidated net profit slid 82% year-on-year to ₹2,131 crore.