About the Company:
Bharat Petroleum Corporation Limited is Maha Ratna Oil and Gas Company headquartered in Mumbai. It has two large refineries located in Mumbai and Kochi.
QoQ & YoY Performance:
India’s major oil & gas Company has declared the results for the second quarter of fiscal year ending March 2020.
- QoQ Performance: Consolidated Net sales/ revenue of the company recorded to Rs. 75627.99 crores, down by 12.48% in the September quarter of FY20. Total expenditure (excluding interest and depreciation expenses) are Rs.72779.38 crores, is dropped by 12.77%. EBITDA numbers declined by 7.39%.
- YoY Performance: The Company has reported a 9.65 decrease in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company have dropped by 9.51%.
- Profitability of the company: Net profits of the company landed to Rs.1634.32 crores, declined by 9.18% QoQ and surged by 0.73% YoY.
As per Lokesh Sethia, SEBI Registered, Research Analyst the stock is trading at Rs.502.85 per share, the company’s profit fell to 9.18% QoQ but the yearly profit is increased by 0.73%. So we recommend to place "BUY" positions in the stock.