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BPCL Q4 net profit falls 30%; company announces 1:1 bonus issue

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Bharat Petroleum BPCL

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New Delhi: Bharat Petroleum Corporation Ltd (BPCL) on Thursday reported a 30 per cent fall in its March quarter net profit on lower refining margins and announced one bonus share for each share held.

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Its consolidated net profit of Rs 4,789.57 crore in January-March -- the fourth quarter of the 2023-24 fiscal -- was compared to Rs 6,870.47 crore in the same period of the preceding financial year, according to a company's stock exchange filing.

BPCL board also approved a 1:1 bonus issue -- 1 additional share for each share held.

Turnover was almost flat at Rs 1.32 lakh crore when compared to Rs 1.34 lakh crore in January-March 2023.

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For the full 2023-24 fiscal, BPCL reported a record net profit of Rs 26,858.84 crore as opposed to a profit of Rs 2,131.05 crore in the previous year.

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