Q3 Earnings Impact on Govt-Owned Fuel Majors: BPCL, HPCL & IOCL

  • Investing.com
  • Stock Market News
Q3 Earnings Impact on Govt-Owned Fuel Majors: BPCL, HPCL & IOCL
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Bharat Petroleum Corporation Ltd (NS: BPCL )

At 9:42 am, shares of the company declined 2.7% to Rs 386.2 apiece, after tanking 3.16% on Tuesday’s open. 

  • Net profit surged 47.6% YoY to Rs 2,805.09 crore but declined 12% QoQ. 
  • Revenue from operations grew 35% YoY to Rs 1.18 lakh crore, due to better market sales and exports
  • Company added 419 new fuel stations in Q3, taking the total to 19,667 pumps.

Hindustan Petroleum Corporation Ltd (NS: HPCL )

Shares of the company tanked 4.08% to Rs 301.3 apiece while writing this article. 

  • Net profit declined 43% YoY to Rs 1,353 crore in Q3, and 63.1% YoY to Rs 868.86 crore on a standalone basis.
  • Consolidated revenue climbed 33.5% YoY to Rs 1.03 lakh crore.
  • Standalone revenue grew 33.6% YoY to Rs 1.03 lakh crore.

Indian Oil Corporation Ltd (NS: IOC )

Shares of the state-owned fuel major declined 2.6% to Rs 121.95 apiece while writing this report.

  • Consolidated net profit surged 52.6% to Rs 8,016.06 crore YoY.
  • Total revenue from operations rose 35% YoY to Rs 1.99 lakh crore.
  • Its board of directors declared a second interim dividend for FY22 at Rs 4/share and set February 10 as the record date.
  • The operating margin slid to 5.96% in Q3 FY22 from 7.99% in Q3 FY21.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles