HPCL’s standalone internet revenue for the fourth quarter was decrease at ₹2,843 crore from ₹3,223 crore in the identical interval final yr.
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HPCL, BPCL boards suggest situation of bonus shares
Hindustan Petroleum Corporation Ltd. (HPCL) reported consolidated internet revenue of ₹16,015 crore throughout FY24, in opposition to a consolidated internet lack of ₹6,980 crore throughout the earlier monetary yr.
Standalone internet revenue throughout FY24 was ₹14,694 crore in contrast with a internet lack of ₹8,974 crore throughout the earlier yr.
Standalone internet revenue for the fourth quarter was decrease at ₹2,843 crore from ₹3,223 crore in the identical interval final yr.
The firm reported ₹1,21,532 crore income from operations for This fall, a 6.2% enhance.
For FY24, income from operations stood at ₹4,61,638 crore as in contrast with ₹4,66,192 crore throughout the earlier yr.
The Board has beneficial situation of bonus shares in the ratio 1:2, i.e., one new bonus fairness share of ₹10 every for each two current fairness shares of ₹10 every totally paid up, topic to the approval of members of the corporate.
The Board additionally beneficial a remaining dividend of ₹ 16.50 per fairness share. This remaining dividend is in addition to the interim dividend (pre-bonus) paid for the FY24 at ₹15 per fairness share.
BPCL revenue rises
Bharat Petroleum Corportation Ltd. posted internet revenue of ₹26,674 crore for FY24 in opposition to a revenue of ₹1,870.10 crore in the earlier yr. Net revenue for the fourth quarter stood at ₹4,224.18 crore as in contrast with a revenue of ₹6,477.74 crore in the year-earlier interval.
Consolidated internet revenue for the monetary yr stood at ₹26,858.84 crore as in contrast with a internet revenue of ₹2,131.05 crore in the earlier yr.
Consolidated internet revenue for the fourth quarter was ₹4,789.57 crore as in contrast with a internet revenue of ₹6,870.47 crore in the year-earlier interval.
Revenue from operations for the yr ended March 31, 2024, was ₹5,06,911.36 crore as in contrast with ₹5,33,467.55 crore in the earlier yr.
The firm’s board has beneficial issuance of bonus shares in the ratio of 1 fairness share of ₹10 every for each one current fairness share of ₹10 every. It has additionally beneficial a remaining dividend of ₹21 per fairness share for FY24, which interprets into remaining dividend of ₹10.5 per share (post-bonus).
G. Krishnakumar, CMD, BPCL stated, “The financial year 2023-24 marks a significant milestone in our journey. We have achieved record-breaking operational and financial performance across refining throughput, domestic market sales, and profitability. Our PAT soared to a historic ₹26,673.50 crore.”
“These achievements provide a strong foundation for BPCL’s ambitious strategy ‘Project Aspire’, which, at a planned capital outlay of ₹1.7 lakh crore over a period of 5 years, will fuel our next wave of growth to create long term value for our shareholders,” he added.
