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BPCL share price hits 52-week high on strong Q4 result, record dividend approval

Bharat Petroleum Corporation Limited Q4FY21 consolidated PAT soars to Rs 10301 31 crores

Bharat Petroleum Corporation Limited Q4FY21 consolidated PAT soars to Rs 10301 31 crores
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BPCL posts net profit of Rs 11,940 cr in Q4, to pay final dividend of Rs 58

BPCL posts ₹11,940-cr profit in January-March quarter on one-time gain

May 26, 2021 × Declares final dividend of ₹58 per share, including a one-time special dividend of ₹35 per equity share. State-run oil refiner Bharat Petroleum Corporation Limited (BPCL) posted a net profit of ₹11,940.13 crore in the January-March quarter from a loss of ₹1,361.01 crore a year earlier boosted by a one-time gain of ₹6,992.95 crore from the sale of entire stake in Numaligarh Refinery Limited (NRL). BPCL s revenue from operations during the fourth quarter rose 21.5% to ₹98,755.62 crore from ₹81,296.23 crore from a year ago. For the full year, BPCL posted a net profit of ₹19,041.67 crore from ₹2,683.19 crore in FY20. Revenue from operations for the full year declined to ₹301,864.98 crore from ₹327,580.78 crore.

Bharat Petroleum (BPCL) Share Price Today: Bharat Petroleum Shares Gain On Report Of Lowering Stake In IGL, Petronet LNG

Shares of Bharat Petroluem last traded 0.87 per cent higher at Rs 477 on the BSE. Share price of Bharat Petroleum Corporation Limited (BPCL) edged higher by around two per cent on Tuesday, May 25, after reports said that it may sell its stake in Petronet LNG and Indraprastha Gas (IGL). On Tuesday, Bharat Petroleum opened on the BSE at Rs 477, swinging to an intra day high of Rs 478.95 and an intra day low of Rs 469, in the trading session so far. According to news agency PTI, Bharat Petroleum, which is privatisation-bound, may sell stake in order to shed its promoter status, so that its new owner can make open offer for the two gas companies.

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