BPCL results for the second quarter of 2023: sales increased by 26% to reach 12,833.3 billion rupees.

The net loss for the second quarter of FY2011 was Rs 30,417 million and the net loss for the first half of FY2011 was Rs 656,722 million.

• BPCL reported an operating profit of Rs 1,28,332.68 crore for the July-September 2022 quarter, compared to Rs 1,01,889.19 crore for the quarter.
• Half-year operating profit of 10 million won from April to September 2022.
• The net loss for the second quarter of FY 2022-23 was Rs 304.17 crore and the adjusted profit for the quarter of FY 2022-21 was Rs 2,840.73 crore.

NEW DELHI: Bharat Petroleum, one of India’s integrated energy companies, recorded a net profit of Rs 6,033.82 crore in the first half of 2022, compared to a net loss of Rs 6,567.22 crore in the first half of 2013.

Key highlights of our financial results are presented below (in detail).

By order of the MCA, Bina Refinery (formerly Bina Bharat Oman Refineries Limited) has been incorporated into BPCL and until July 1, 2021, the financial statements of Bina Refinery have been included in BPCL. Bharat Gas Resources Limited merged with Environmental and BPCL at the request of MCA. Resolution The financial results of Bharat Gas Resources Limited up to April 1, 2021, are included in the BPCL. The posting of the period is repeated as part of the above consolidation.

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For the first half of fiscal 2023, the company’s gross margin (GRM) was $22.30 per barrel. $5.23 a barrel. Comparison times are up to date.

The net loss for the second quarter of FY2011 was Rs 30,417 million and the net loss for the first half of FY2011 was Rs 656,722 million.

EBITDA for the second quarter of Fiscal 2023 was $2.319141 billion, compared to $565.48 billion for the second quarter of Fiscal 2022. EBITDA margin for the second quarter of fiscal 2023 was 1.55%, compared to 5.55% for the second quarter of fiscal 22.

The debt ratio is 1.10x as of September 30, 2022 (0.60x as of September 30, 2021).

Physical capacity (law)

Production capacity in the second quarter of 2023 was 8.82 million tons, up from 8.97 million tons in the second quarter of 2022. Market sales in the first half of fiscal 2023 increased from 9.91 million tons in the second quarter of fiscal 2022 to 18.51 million tons in the second quarter of fiscal 2023, compared to 15.81 million tons in the first half of fiscal 2022. I feel 18.73

The average ethanol blending rate in the first half of 2011 was 9.87%. BPCL created 226 new jobs in the second quarter of 2023 (compared to 388 in the first half of 2023). 23, net 20,443.

In the first half of fiscal 2011, the number of stores owned by chain operators increased to 316.

In addition, as of September 30, 2022, BPCL has extended FINO’s financial services to 12,977 service stations.

BPCL added 4 new distributors in the second half of 2023 (17 distributors in the first half of 2023), increasing its LPG distribution network to 6,231 as of September 30, 2023, and increasing its customer base by Rs 9.

In the second half of 2023, 45 CNG filling stations will be completed (66 CNG filling stations in the first half of 2023), bringing the total number of CNG filling stations to 1,198 as of September 30, 2022.

BPCL reports a loss of INR 340 million in Q2 FY23

Bharat Petroleum Corporation (BPCL) reported a separate net loss compared to net income of Rs.30.417 billion for the second quarter of fiscal 2023.

Operating net profit for the second quarter was Rs 11,480,759 million, up 50% from 2019.

The total value for the second quarter of FY2023 was Rs 1,2926,585 million, up 31% from the second quarter of FY2022 mainly due to higher raw material costs (up 60% YoY). . ), replacement costs (up to 61% per year) and other costs (30% or more).

The company recorded a pre-tax loss of Rs.375.76 billion in the second quarter of FY2023 compared to a pre-tax profit of Rs.375.479 billion in the second quarter of FY2022.

PSU OMC recorded an Rs.71.59 crore tax credit in the second quarter. Tax revenue for the same period last year was Rs 914.06 crore.

Refinery production declined 2% to 8.82 million tonnes in the second quarter of FY23 and market sales increased 15% to 11.44 million tonnes compared to the second quarter of FY22. ).

For the six months that ended September 30, 2022, the average crude oil refining margin (GRM) of companies was $22.30 per barrel and from April to September 2021 was $5.23 per barrel. Special taxes and the effects of roads and infrastructure are not taken into account. The tax applies from July 1, 2022.

However, lower marketing margins from some fuel brands offset higher margins from GRM, the company said in a statement.

BPCL is India’s second-largest oil trading company engaged in the refining of crude oil and the sale of petroleum products, with a significant presence in the upstream and downstream oil and gas sectors. The company has achieved coveted “Mahartan” status by joining an elite group of companies with the highest levels of operational and financial independence. The Government of India will hold a 52.98% stake in BPCL until September 30, 2022.

Bonds rose 2.65 percent on BSE to Rs.309.60 on Monday.

BPCL builds 27,000 m² of the road by recycling 250 tonnes of plastic waste – 28 November 2022

Bharat Petroleum Corporation (BPCL) has recycled 250 tonnes of plastic waste to build a 27,000m² road using a new Waste Plastic Road (WPR) method developed by its Corporate Research and Development Center (CRDC). This project is one of the cornerstones to reducing negative impacts on the environment and preventing them from entering the food chain. The program also aims to help organizations achieve their zero net profit goal and contribute to the success of the Swachh Bharat Mission.

The company is convinced that improvements in this project under the National Road Infrastructure Mission will not only address the plastic waste disposal problem but also reduce greenhouse gas emissions and improve the circular economy. Continuing this initiative, BPCL is increasingly using the WPR road construction process at one of its new gas stations in Patan Sai, near Mumbai, Maharashtra, with updates coming shortly.