Board recommends dividend for AGM
Awaiting price reaction for this filing.
BPCL's Board has approved audited financial results for Q4 and FY ended March 31, 2025, with statutory auditors issuing an unmodified (clean) opinion. The Board recommended a final dividend of Rs. 5 per share, taking total FY25 dividend to Rs. 10 per share (Rs. 5 interim already paid). Standalone revenue from operations dipped marginally to Rs. 5,00,371 Cr from Rs. 5,06,806 Cr, while net profit fell sharply to Rs. 13,275 Cr from Rs. 26,674 Cr — about a 50% drop year-on-year. The decline was driven by an exceptional one-time impairment of Rs. 1,774 Cr on its upstream subsidiary BPRL and weak refining margins (GRM fell to $6.82/barrel from $14.14/barrel). Operating margin compressed to 3.27% from 6.87%. Refinery throughput rose to 40.51 MMT and market sales grew to 52.40 MMT.
Sharply lower profits and compressed margins are likely to weigh on the stock in the short term, though the steady Rs. 10 total dividend offers income support. The clean audit opinion and growing physical volumes are positives, but the BPRL impairment and weak GRM signal underlying earnings pressure that shareholders should monitor.