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 third quarter of the fiscal year ending December 2020.
- QoQ Performance: Consolidated Net sales/ revenue of the company recorded to Rs. 85926.70 crores, increased by 13.62% in the December quarter of FY20. Total expenditure (excluding interest and depreciation expenses) are Rs.82828.28 crores, is surged by 13.81%. EBITDA numbers declined by 12.32%.
- YoY Performance: The Company has reported a 3.80% decrease in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company have dropped by 5.71%.
- Profitability of the company: Net profits of the company landed to Rs.2051.43 crores, declined by 25.52% QoQ and rose by 193.68% YoY.
As per Lokesh Sethia, SEBI Registered Research Analyst, the stock is trading at Rs. 477 per share, the company’s profit increased by 193.68% on yearly basis, reflecting strong performance; we recommend it to “BUY” for long term.
This is for the sole purpose to provide client(s) information of EQUITY GLOBAL RESEARCH (EG) and not to interpret as investment advice. It is also not to consider as an offer or solicitation for the purchase and sale of any financial instrument. Any action taken based on given information contained herein is your responsibility alone. EQUITY GLOBAL RESEARCH and its subsidiaries/employees/associates will not be liable in any manner for the consequences of such action taken by you. The due diligence we have exercised after checking the correctness and authenticity of the information contained in this recommendation. In case of any inadvertent error in the used information to make this recommendation or action taken based on information the EQUITY GLOBAL RESEARCH or any of its subsidiary or associate or employee shall not be liable in any way responsible for any loss or damage. The recommendations provided here based on either Technical Analysis, Fundamental Analysis or both. EQUITY GLOBAL RESEARCH has issued this document on information obtained from sources it believes to be reliable but not independently verified; Also, the EQUITY GLOBAL RESEARCH makes no promises, guarantee, or accepts no responsibility as to its accuracy or completeness. The opinions contained within the report based on publicly available information at the time of publication and subject to change without any intimation. Any piece of information and disclosure provided herein is in summary form and has been prepared for informational purposes. The recommendations are only valid for the day of the issued report however, trading trends, volumes might vary substantially on a daily basis, and recommendations may change accordingly. The information provided herein is entirely confidential. Any misuse, distribution, modification, copying, or forwarding by any person strictly prohibited. The information provided herein does not constitute a solicitation or offer to buy or sell any security or other financial instruments. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investment will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment.