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23-Jan-2025

Bharat Petroleum Corporation

NP up 20%


'

Net sales (including other operating income) of Bharat Petroleum Corporation has declined 2.02% to Rs 113165.87 crore.  Sales of Downstream Petroleum segment has gone down 1.87% to Rs 127,520.13 crore (accounting for 99.98% of total sales).  Sales of Exploration & Production of Hydroca segment has gone down 20.40% to Rs 30.44 crore (accounting for 0.02% of total sales).  MoPNG, vide letter dated 30.04.2020 had conveyed to Oil Marketing Companies (OMCs) that where market determined price (MDP) of LPG cylinders is less than its effective cost to customer (ECC), the OMCs will retain the difference in a separate buffer account for future adjustment. However, as on 31st December 2024, the corporation has a cumulative net negative buffer of Rs 7,228.56 crore and accordingly the revenue from sale of LPG was reduced by this amount.

Profit before interest, tax and other unallocab...



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