Bharat Petroleum Corporation Limited = RESULTS FOR = FY 2011 = CS-NPT UP BY 0.16% OVER FY10 = 4TH QTR FY 2011 = S/A NPT UP BY 33% OVER Q4 FY 10.

Bharat Petroleum Corporation Limited

NSE Symbol             BPCL

BHARAT PETROLEUM has performed reasonably well in Q4 FY 11 (on stand alone basis) and in FY 2011 (on consolidated basis.

The consolidated results of FY 2011 and the stand alone results of Q4 FY 2011 are analysed below :

Net Sales (consolidated) for FY 2011 amount to Rs.153644.97 cr – up by 24.09% from FY 2010. The Stand alone (SA) sales amount for Q4 FY 11 is Rs.45251.51 Cr – up by 23.42% from Q3 FY 11 and up by 20.51% from Q4 FY 10.

Total Expenditure for FY 11 is Rs.151275.09 Cr – up by 23.71% from FY 10. The SA amount for Q4 FY 11 is Rs.44090.19 cr – up by 21.44% from Q3 FY 11 and up by 19.99% from Q4 FY 10.

Profit from Operations (consol) for FY 11 is Rs.2450.01 Cr – up by 51.65% from Q3 FY 10. The same for Q4 (Stand alone) is Rs.1181.78 cr – up by 211.96% from Q3 FY 11 and up by 43.1% from Q4 FY 10.

Profit before tax (Consol) for FY 11 is Rs.2848.26 Cr – up by 2.75% from FY 10. The same for Q4 FY 11(Stand alone) is Rs.1376.15 cr – up by 232.1% from Q3 FY 11 and up by 13.89% from Q4 FY 10.

Net Profit  for FY 11(Consol) is Rs.1742.06 cr – up by 1.28% from FY 10. The same for Q4 FY 11 (SA) is Rs.935.18 cr – up by 399.08% from Q3 FY 11 and up by 32.99% from Q4 FY10.

The final Consolidated Net Profit for FY 2011 is Rs.1634.96 cr – up by a marginal 0.16% from FY 10.

Basic EPS  for FY 11 (CS) is Rs.45.22 – against Rs.45.15 in FY 10. The stand alone Basic EPS for Q4 FY 11 is Rs.25.87 – against Rs.5.18 in Q3 FY 11; and Rs.19.45  in Q4 FY 10.

The performance of the Oil PSU is satisfactory in FY 2011.The revision of oil prices will impact favourably the performance in FY 12.

RESULTS TABLE :

BPCL	FY 11 CS	FY 10 CS	Q4FY11	Q3FY11	Q4FY10
Net Sales	15,364,497.00	12,381,672.00	4525151	3666547	3755090
Other Oprting Income	8,013.00	8,393.00	2046	2046	1942
Increase in SIT / WIP	-202,946.00	-510,310.00	-45049	83617	-69101
Raw Materials	7,127,698.00	5,831,999.00	1699130	1474503	1500208
Traded goods	7,014,970.00	5,676,673.00	2389125	1784306	1803295
Employees Cost	294,393.00	225,215.00	123942	56958	76547
Depreciation	189,137.00	144,456.00	48277	37000	32078
Other Expenditure	704,257.00	860,480.00	193594	194326	331423
Total Expenditure	15,127,509.00	12,228,513.00	4409019	3630710	3674450
Profit from Operations	245,001.00	161,552.00	118178	37883	82582
Other Income	164,509.00	228,127.00	51008	31029	58838
Interest	124,684.00	112,466.00	31571	27474	20587
Profit before tax	284,826.00	277,213.00	137615	41438	120833
Tax Expense	110,620.00	105,215.00	44097	22700	50515
Net Profit	174,206.00	171,998.00	93518	18738	70318
Minority Interest	10,710.00	8,762.00
Consolidated Net Profit	163,496.00	163,236.00
Face Value (in Rs.)	10	10	10	10	10
Paid-up Equity	36,154.00	36,154.00	36154	36154	36154
Reserves	1,498,929.00	1,378,140.00	-	-	-
Basic EPS	45.22	45.15	25.87	5.18	19.45
Public holding (%)	45.07	45.07	45.07	45.07	45.07

Announcements to NSE

30-05-2011          Bharat Petroleum Corporation Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 30, 2011 have recommended Dividend @ Rs.14/- per equity share of Rs.10/- each for the year 2010-11.

30-05-2011          Bharat Petroleum Corporation Limited consolidated Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 15364497 lacs for year ending on 31-MAR-2011 against Rs. 12381672 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 163496 lacs for the year ending on 31-MAR-2011 against Rs. 163236 lacs for the year ending on 31-MAR-2010.

30-05-2011          Bharat Petroleum Corporation Limited standalone Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 15154506 lacs for year ending on 31-MAR-2011 against Rs. 12227595 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 154668 lacs for the year ending on 31-MAR-2011 against Rs. 153762 lacs for the year ending on 31-MAR-2010.

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