BPCL shrugs off weak Q4 results

BPCL rose 3.17% to Rs 822 at 15:28 IST on BSE after declaring 29.87% fall in net profit to Rs 2852.89 crore on 30.94% decline in total income to Rs 51928.12 crore in Q4 March 2015 over Q4 March 2014.

The company announced Q4 results during market hours today, 28 May 2015.

Meanwhile, the BSE Sensex was down 68.41 points, or 0.25%, to 27,496.25

On BSE, so far 3.51 lakh shares were traded in the counter, compared with an average volume of 98,086 shares in the past one quarter.

The stock hit a high of Rs 824.20 and low of Rs 796 so far during the day. The stock had scaled a record high of Rs 835 on 9 April 2015. The stock hit a 52-week low of Rs 517.25 on 30 May 2014.

The large-cap company has an equity capital of Rs 723.08 crore. Face value per share is Rs 10.

BPCL's average gross refining margin (GRM) fell to $3.62 per barrel during the year ended 31 March 2015 (FY 2015) from $4.33 per barrel in FY 2014.

The Government of India held 54.93% stake BPCL (as per the shareholding pattern as on 31 March 2015).

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