BPCL Q4 net jumps 62-fold to Rs 3,628 cr

State-run Bharat Petroleum Corporation today reported a 62-fold growth in net profit at Rs 3,628.02 crore for the fourth quarter ended March 31, 2009.

The oil major had a net profit of Rs 58.39 crore in the March quarter of FY'08, BPCL said in a filing to the Bombay Stock Exchange.

Total income declined 17.11 per cent to Rs 27,115.38 crore in the fourth quarter ended March 31, 2009, from Rs 32,712.92 crore in the corresponding period a year-ago.

The board has declared a dividend of 70 per cent at the rate of Rs seven each, on shares of face value of Rs 10 a piece, for the financial year ended March 2009.

For the financial year ended March 2009, BPCL reported a consolidated net profit of Rs 633.76 crore, down 64.19 per cent over the year-ago period.The firm had a net profit of Rs 1,769.55 crore in FY'08

The consolidated total income rose 22.76 per cent to Rs 1,37,992.90 crore during FY'09, from Rs 1,12,410.44 crore in the previous fiscal.

On a standalone basis, the company reported a 53.44 per cent decline in net profit at Rs 735.90 crore. It had a net profit of Rs 1,580.56 crore in FY'08.

Shares of BPCL closed at Rs 464.95, up 3.75 per cent on the BSE.