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BPCL gains after strong Q4 earnings; dividend bounty


Net sales during the quarter increased 11.4% year-on-year (YoY) to Rs 76,882.32 crore.
The corporation recorded an exceptional gain of Rs 6,992.95 crore during the quarter ended 31 March 2021. Exceptional items for Q4 FY21 include employee share based expenses, gain on sale of investment in subsidiary and impairment of investment in subsidiary.
The corporation had incurred an exceptional expense of Rs 1,080.83 crore in the same period last year, on account of write down of inventory.
The corporation reported a pre-tax profit of Rs 12,237.44 crore in Q4 FY21 as against a pre-tax loss of Rs 2,068.87 crore in Q4 FY20.
BPCL reported a net profit of Rs 13,727.25 crore in the year ended 31 March 2021 compared with a net profit of Rs 3,601.89 crore in the year ended 31 March 2020. Net sales declined 18.2% to Rs 23,245.13 crore in FY21 over FY20. ....

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