Bharat Petroleum Corporation disclosed a substantial drop in
standalone net profit for the quarter ended March 2008. During the
quarter, the profit of the company declined 91.28% to Rs 584.00
million from Rs 6,700.00 million in the same quarter last year.
Net sales for the quarter rose 35.03% to Rs 325,786.00 million, while
total income for the quarter rose 34.17% to Rs 327,129.00 million,
when compared with the prior year period.
Quarterly Results - Standalone (Rs in mn)
As at Mar - 08 Mar - 07 %Change
Net Sales 325786.00 241265.00 35.03
Net Profit 584.00 6700.00 (91.28)
Basic EPS 1.62 18.53 (91.26)
During the quarter, the company disclosed a fall in operating margin
of 365.87 basis points to 1.62% on higher production cost. Interest
cost increased 30.83% to Rs 2,156.00 million while depreciation cost
rose 19.47% to Rs 3,319.00 million over previous year period.
Annual Results
The company announced a drop in standalone net profit for the year
ended March 2008. During the year, the profit of the company declined
12.46% to Rs 15,806.00 million from Rs 18,055.00 million in the last
year.
Net sales for the year rose 13.31% to Rs 1,105,468.00 million, while
total income during the year rose 13.73% to Rs 1,117,862.00 million,
when compared with the prior year period.
Annual Results - Standalone (Rs in mn)
As at Mar - 08 Mar - 07 %Change
Net Sales 1105468.00 975602.00 13.31
Net Profit 15806.00 18055.00 (12.46)
Basic EPS 43.72 49.94 (12.45)
During the year, the company reported a fall in operating margin of
180.59 basis points to 1.70% on higher production cost. Interest cost
increased 40.87% to Rs 6,725.00 million while depreciation cost rose
21.47% to Rs 10,982.00 million over previous year period.
Dividend
The board of directors have recommended 40% dividend i.e. Rs 4 a
equity share of Rs 10 each for the year 2007-08.
Shares of the company gained Rs 4.15, or 1.5%, to trade at Rs 280. The
total volume of shares traded was 146,357 at the BSE
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