Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 101911.49 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 77356.64 Crore, up 15.79 % from last quarter Total Income of Rs 66809.47 Crore and up 11.47 % from last year same quarter Total Income of Rs 69398.99 Crore. Company reported net profit after tax of Rs 10206.39 Crore in latest quarter.
Investment Rationale
stated that 1QFY22 will be impacted by the second COVID wave – with refining throughput down to 86% at present (v/s 112% in 4QFY21). Since demand for its products has fallen by a similar amount, the brokerage revises down FY22E consolidated EBITDA by 12%. The impact on FY22E EPS is ~9% as the company moved to the lower tax rate of 25.17%
Promoter/FII Holdings
Promoters held 53 per cent stake in the company , FIIs held 14.4 per cent, DIIs 24.2 per cent and public and others 8.4 per cent.
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