The State-owned Bharat Petroleum Corp Ltd (BPCL) has reported a 33 percent jump in its net profit in the quarter ended 31st March on back of higher refining margins.
Net profit rose to Rs. 935.18 crore in fourth quarter of 2010-11 fiscal from Rs. 703.18 crore in the same period the previous year, BPCL said in a statement in New Delhi on Monday.
Total Income has increased from Rs. 40,071.55 crore for the quarter ended March 31, 2010 to Rs. 48,311.46 crore for the quarter ended 31st March 2011.The board of directors of the company at its meeting held on Monday recommended dividend of Rs. 14 a share of Rs. 10 each for the year 2010-11.
During 2010-11 fiscal, BPCL’s profit inched to Rs. 1,546.88 crore from Rs. 1537.62 crore in the previous year.BPCL said it has got Rs. 9418.88 crore from the government as cash subsidy for selling diesel, domestic LPG and kerosene below cost in 2010-11 fiscal.Also, it got Rs. 6,969.04 crore in assistance from upstream firms ONGC/GAIL
Net profit rose to Rs. 935.18 crore in fourth quarter of 2010-11 fiscal from Rs. 703.18 crore in the same period the previous year, BPCL said in a statement in New Delhi on Monday.
Total Income has increased from Rs. 40,071.55 crore for the quarter ended March 31, 2010 to Rs. 48,311.46 crore for the quarter ended 31st March 2011.The board of directors of the company at its meeting held on Monday recommended dividend of Rs. 14 a share of Rs. 10 each for the year 2010-11.
During 2010-11 fiscal, BPCL’s profit inched to Rs. 1,546.88 crore from Rs. 1537.62 crore in the previous year.BPCL said it has got Rs. 9418.88 crore from the government as cash subsidy for selling diesel, domestic LPG and kerosene below cost in 2010-11 fiscal.Also, it got Rs. 6,969.04 crore in assistance from upstream firms ONGC/GAIL
Comments
Post a Comment