Latest news with #BharatPetroleumCorp.Ltd
Mint
19-05-2025
- Business
- Mint
Petronet's Q4 consolidated net profit up 45% at ₹1,067.58 crore
New Delhi: Petronet LNG's profit jumped nearly by half in the quarter ended March, driven by 'efficiency in operations and higher capacity utilization'. The company reported a 45.4% year-on-year rise in its consolidated net profit for the quarter to ₹ 1,067.58 crore, according to its exchange filing. Its profit after tax stood at ₹ 734.07 crore a year earlier. The company's total income for the period under review was ₹ 12,513.15 crore, 10.28% lower than ₹ 13,946.80 crore earned in fourth quarter of FY24. Its profit rose despite the decline in revenue because of lower expenses. The joint venture of GAIL Ltd, Bharat Petroleum Corp. Ltd, Indian Oil Corp. Ltd and ONGC reported a 14.5% year-on-year fall in its expenses at ₹ 11,070.04 crore. The expenditure on the 'cost of materials consumed', largely liquefied natural gas (LNG) in this case, fell to ₹ 10,831.61 crore in the March quarter compared with ₹ 12,438.47 crore a year earlier. During the current quarter, some offtakers or gas buyers paid outstanding dues worth ₹ 360.94 crore pertaining to 2021, which added to Petronet's income and profits. Dahej terminal processed 189 trillion British thermal units (tbtu) of LNG during the quarter against 219 tbtu a year earlier and 213 tbtu in the previous quarter. The overall LNG volume processed by the company in January-March stood at 205 tbtu versus 234 tbtu during the same quarter of the previous fiscal. For the financial year 2024-25 (FY25), Petronet LNG's net profit increased 10.11% to ₹ 3,883.92 crore against ₹ 3,527.02 crore in the previous fiscal. In the last fiscal, the Dahej terminal processed LNG volume of 876 tbtu as against 865 tbtu in FY24. Its overall LNG volume rose to the highest ever at 934 tbtu in FY25 against 919 tbtu processed in the previous financial year. 'Considering the robust performance, the Board of Directors of the company has recommended a final dividend of ₹ 3 per share,' the Petronet LNG statement said.
Mint
19-05-2025
- Business
- Mint
Petronet's Q4 consolidated net profit up 45% at ₹1,067.58 crore
New Delhi: Petronet LNG's profit jumped nearly by half in the quarter ended March, driven by 'efficiency in operations and higher capacity utilization'. The company reported a 45.4% year-on-year rise in its consolidated net profit for the quarter to ₹ 1,067.58 crore, according to its exchange filing. Its profit after tax stood at ₹ 734.07 crore a year earlier. The company's total income for the period under review was ₹ 12,513.15 crore, 10.28% lower than ₹ 13,946.80 crore earned in fourth quarter of FY24. Its profit rose despite the decline in revenue because of lower expenses. The joint venture of GAIL Ltd, Bharat Petroleum Corp. Ltd, Indian Oil Corp. Ltd and ONGC reported a 14.5% year-on-year fall in its expenses at ₹ 11,070.04 crore. The expenditure on the 'cost of materials consumed', largely liquefied natural gas (LNG) in this case, fell to ₹ 10,831.61 crore in the March quarter compared with ₹ 12,438.47 crore a year earlier. During the current quarter, some offtakers or gas buyers paid outstanding dues worth ₹ 360.94 crore pertaining to 2021, which added to Petronet's income and profits. Dahej terminal processed 189 trillion British thermal units (tbtu) of LNG during the quarter against 219 tbtu a year earlier and 213 tbtu in the previous quarter. The overall LNG volume processed by the company in January-March stood at 205 tbtu versus 234 tbtu during the same quarter of the previous fiscal. For the financial year 2024-25 (FY25), Petronet LNG's net profit increased 10.11% to ₹ 3,883.92 crore against ₹ 3,527.02 crore in the previous fiscal. In the last fiscal, the Dahej terminal processed LNG volume of 876 tbtu as against 865 tbtu in FY24. Its overall LNG volume rose to the highest ever at 934 tbtu in FY25 against 919 tbtu processed in the previous financial year. 'Considering the robust performance, the Board of Directors of the company has recommended a final dividend of ₹ 3 per share,' the Petronet LNG statement said. The company's shares on the BSE closed 0.03% higher at ₹ 320.75 on Monday.
Mint
01-05-2025
- Business
- Mint
Sanjay Khanna takes additional charge as BPCL CMD
New Delhi: Bharat Petroleum Corp. Ltd (BPCL) on Thursday announced that Sanjay Khanna has assumed additional charge as chairman and managing director (CMD) of the company. Khanna's appointment follows the end of former CMD G. Krishnakumar's tenure on 30 April. Currently serving as director (refineries) at the state-run oil marketing and refining company, Khanna previously headed BPCL's Kochi and Mumbai refineries. 'He anchored several prestigious projects for setting up new process units in refineries at Mumbai, Kochi and Numaligarh," the company said in a statement adding that, as executive director of Kochi Refinery, Khanna played a key role in commissioning BPCL's first niche petrochemical project—the Propylene Derivative Petrochemical Project. The leadership change comes at a critical time for BPCL, which is planning a refinery-cum-petrochemical complex in Andhra Pradesh, with a projected capital expenditure of around ₹ 95,000 crore. Once commissioned, the facility is expected to push the company's total refining capacity to around 50 million tonnes per annum. BPCL, India's third-largest refiner, is already working on the expansion of its existing refineries at Madhya Pradesh's Bina and Kerala's Kochi. India's current refining capacity is 250 million tonnes per annum, of which BPCL accounts for 35 million tonnes. A chemical engineering graduate from the National Institute of Technology, Tiruchirappalli, and a postgraduate in finance management from Mumbai University, Khanna brings over three decades of experience in refinery operations and technical services. He also serves on the boards of Bharat PetroResources Ltd and Ratnagiri Refinery and Petrochemicals Ltd, and chairs the Technical Committee for Petroleum Refineries under the Ministry of Petroleum and Natural Gas (MoPNG). Also read | Nifty reshuffle: Zomato and Jio Financial could edge out Britannia and BPCL in India's benchmark index BPCL reported an 8% decline in consolidated net profit to ₹ 4,392 crore for the quarter ended March 2025, down from ₹ 4,789.57 crore a year earlier. Revenue from operations slipped 4% year-on-year to ₹ 1.27 trillion, compared with ₹ 1.32 trillion in the same quarter of FY24. First Published: 1 May 2025, 05:49 PM IST
