State run Bharat Petroleum Corporation Limited (BPCL) has posted higher than expected earnings for the fourth quarter of 2011-12.
The company's net profit jumped over four times to Rs 3,962.83 crore in the fiscal fourth quarter against Rs 935.18 crore in the corresponding quarter last year.
Higher throughput helped the company's sales jump nearly 43 per cent at Rs 64,642.18 crore over Rs 45,251.51 crore in the corresponding previous quarter.
The company's board has also recommended issue of bonus shares in the ratio of 1:1.
The board has recommended a dividend of Rs 11 for 2011-12.
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