State-owned BPCL disclosed a standalone net profit of Rs 3,015 crore for the first quarter ending June 20 ...More

State-owned BPCL disclosed a standalone net profit of Rs 3,015 crore for the first quarter ending June 2024. This marks a decline of 71% compared to the Rs 10,551 crore reported in the same quarter of the previous year. ...Less

Consolidated revenue from operations fell 7% to Rs 1.28 lakh crore in the reporting quarter. The same sto ...More

Consolidated revenue from operations fell 7% to Rs 1.28 lakh crore in the reporting quarter. The same stood at 1.38 lakh crore in the same quarter of last year. ...Less

Prabhudas Lilladher has projected 37.70 per cent year-on-year fall in adjusted net profit. ...More

Prabhudas Lilladher has projected 37.70 per cent year-on-year fall in adjusted net profit. ...Less

Shares of BPCL hit a 52-week high on the NSE, rising 5% following its Q3 earnings. The company plans to i ...More

Shares of BPCL hit a 52-week high on the NSE, rising 5% following its Q3 earnings. The company plans to invest Rs 1.5-1.7 lakh crore in capex over the next 5 years. BPCL is well-positioned for the Mozambique gas project and is unaffected by the Red Sea crisis. The company expects oil prices at $80-$90/BBL in the next 6 months. Citi retains its 'buy' rating with a price target of Rs 560. Motilal Oswal maintains a 'neutral' view on the stock. ...Less

Despite weak Q3 earnings, Bharat Petroleum (BPCL) draws attention from global brokerages. CLSA upgraded B ...More

Despite weak Q3 earnings, Bharat Petroleum (BPCL) draws attention from global brokerages. CLSA upgraded BPCL to ‘Hold’ with a target of Rs 270, while Morgan Stanley maintains an ‘Overweight’ rating with a target of Rs 419. BPCL posted a 20% YoY profit increase, but missed market expectations. Shares surged 14% over the past year. ...Less