BPCL Announces Quarterly Results (4QFY20); Net Profit Down 143.6%

Thu, 4 Jun

BPCL has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

BPCL Quarterly Financials

Year-on-Year Performance:

• The company's operating income during the quarter fell 3.2% on a year-on-year (YoY) basis. The expenses were up by 3.5% YoY during the same period.
• The company's operating profit declined by 135.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.1% in 4QFY20 as against 5.7% in 4QFY19.
• Depreciation charges increased by 3.6% and finance costs increased by 64.1% YoY, respectively.
• Other income increased by 9.4% YoY during the quarter.
• Net profit for the quarter declined by 143.6% YoY. Net profit margins during the quarter declined from 3.7% in 4QFY19 to -1.7% in 4QFY20.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter fell 4.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.9% QoQ during the same period.
• The company's operating profit declined by 162.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.1% in 4QFY20 as against 3.2% in 3QFY19.
• Net profit for the quarter declined by 208.0% QoQ, while net profit margins declined from 1.5% in 3QFY19 to -1.7% in 4QFY20.

To see how BPCL has performed over the last eight quarters,please visit here.

Mega Webinar on Jan 29th: Will 2021 be a boom or bust?

BPCL Share Price Performance

Over the last one year,BPCL share price has moved down from Rs 409.0 to Rs 356.0, registering a Loss of Rs 53.0 or around 12.9%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 12,340.1 (up 0.7%). Over the last one year it has moved down from 15,742.3 to 12,340.1, a loss of 3,402 points (down 21.6%).

Overall, the S&P BSE SENSEX is down 15.8% over the year.

Current Valuations

At the current price of Rs 356.0, the price to earnings (P/E) ratio of BPCL stands at 28.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.