BPCL Q2 Results: Net earnings stood at Rs 3,200 crore in the September quarterState-run oil refiner Bharat Petroleum Corporation Limited (BPCL) revealed its July-September quarter results, reporting a net revenue of Rs 3,200 crore on a combined basis, compared to Rs 2,589 crore in the matching duration in 2015, marking a growth of 23.6 percent year-on-year.
The privatisation-bound oil refiner's earnings from operations in the second quarter of the current fiscal stood at Rs 1.02 lakh crore, compared to Rs 66,331 crore in the matching duration in 2015, registering a growth of 53.7 per cent year-on-year.
The company's board declared an interim dividend of Rs 5 per equity share of face value Rs 10 each - 50 per cent on the paid-up equity share capital of the company for the fiscal year 2021-22.
The board fixed November 12 as the record date to identify the eligibility of shareholders to receive the interim dividend.
The dividend will be paid on or before November 27, according to a regulative filing by Bharat Petroleum to the stock market today.In March, Bharat Petroleum had actually offered its whole 61.5 percent stake in Numaligarh Refinery in Assam to a consortium of Oil India Limited and Engineers India and the Assam federal government for Rs 9,876 crore.
The federal government is offering its entire 52.98 per cent stake in Bharat Petroleum.Recently, the DIPAM Secretary revealed that the federal government received a last dividend of Rs 6,665 crore from Bharat Petroleum for the 2020-21 fiscal.On Friday, October 29, shares of BPCL settled 0.77 percent lower at Rs 417.75 each on the BSE.
Bharat Petroleum opened on the BSE at Rs 421.40., touching an intra day high of Rs 425 and an intra day low of Rs 413.55, throughout the trading session today.