State-owned Bharat Petroleum Corp Ltd (BPCL) today reported a 33% jump in its consolidated net profit in the quarter ended March 31 on back of higher refining margins.
Net profit rose to Rs 935.18 crore in fourth quarter of 2010-11 fiscal from Rs 703.18 crore in the same period the previous year, BPCL said in a statement here.
Total Income has increased from Rs 40,071.55 crore for the quarter ended March 31, 2010 to Rs 48,311.46 crore for the quarter ended March 31, 2011.
The board of directors of the company at its meeting held today recommended dividend of Rs 14 a share of Rs 10 each for the year 2010-11.
During 2010-11 fiscal, BPCL's Profit inched to Rs 1,546.88 crore from Rs 1537.62 crore in the previous year.
BPCL said it has got Rs 9418.88 crore from the government as cash subsidy for selling diesel, domestic LPG and kerosene below cost in 2010-11 fiscal. Also, it got Rs 6,969.04 crore in assistance from upstream firms ONGC/GAIL.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app