BPCL posts PAT decline, stock down 2.3%
Amir Shaikh / 30 May 2017
Total sales for this quarter, Q3FY17, came in at Rs. 57036 crore. This represents a 6.52 per cent sequential increase and 30.95 per cent YoY increase.
Oil marketing major, BPCL Ltd, reported its results for the quarter ended March 31, 2017. Total sales for this quarter, Q3FY17, came in at Rs. 57036 crore. This represents a 6.52 per cent sequential increase and 30.95 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 1689 crore and the EBIT margin stood at 2.96 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs. 1842 crore which represents a sequential QoQ decline of 18.93 per cent and a YoY decline of 12.95 per cent.
BPCL is currently trading as the top loser in Nifty 50. The stock opened with a gap-down at Rs. 754.85 and hit an intraday high and low of Rs. 744.95 and Rs. 725.7 on NSE. The stock is currently trading down with 2.3% losses at Rs 738.8.
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