BPCL declines after weak Q3 numbers

BPCL fell 1.92% to Rs 465.75 at 12:45 IST on BSE after net profit declined 5.64% to Rs 2143.74 crore on 13.21% rise in net sales to Rs 60616.36 crore in Q3 December 2017 over Q3 December 2016.

The result was announced after market hours on Friday, 9 February 2018.

Meanwhile, the S&P BSE Sensex was up 206.60 points, or 0.61% to 34,212.36.

On the BSE, 1.59 lakh shares were traded in the counter so far compared with average daily volumes of 2.33 lakh shares in the past one quarter. The stock had hit a high of Rs 480.70 and a low of Rs 464 so far during the day. The stock hit a record high of Rs 550 on 30 October 2017. The stock hit a 52-week low of Rs 400.37 on 27 June 2017.

 

The stock had underperformed the market over the past 30 days till 9 February 2018, falling 3.47% compared with 1.44% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 7.44% as against Sensex's 2.07% rise. The scrip had also underperformed the market in past one year, falling 0.28% as against Sensex's 20.02% rise.

The large-cap company has equity capital of Rs 2169.25 crore. Face value per share is Rs 10.

The Average Gross Refining Margin (GRM) in Q3 December 2017 is $7.89 per barrel compared with $5.90 per barrel in Q3 December 2016, BPCL said.

BPCL is a state-run oil refining-cum-marketing company. The Government of India held 54.31% stake in BPCL (as per the shareholding pattern as on 31 December 2017).

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