B P C L's Q1 financial report shows decline in profitability and efficiency

Bharat Petroleum Corporation Limited (B P C L), a largecap company in the oil exploration and refineries industry, recently announced its financial results for the quarter ending June 2024. The stock call by MarketsMOJO for B P C L is 'Hold'.

According to the financial report, B P C L has seen a negative performance in the quarter, with a score of -16 compared to -2 in the previous three months. This indicates a decline in the company's financial health.

One of the major factors contributing to this negative performance is the decline in Profit Before Tax (PBT) less Other Income. The PBT for the quarter was Rs 3,430.88 crore, which is a significant decrease of 60.2% compared to the average PBT of the previous four quarters, which was Rs 8,611.10 crore. This trend is expected to continue in the near term.

Similarly, the Profit After Tax (PAT) for the quarter was Rs 2,946.46 crore, a decrease of 56.7% compared to the average PAT of the previous four quarters, which was Rs 6,804.16 crore. This indicates a negative trend in the company's profitability.

The Operating Profit (PBDIT) for the quarter was also at its lowest in the last five quarters, at Rs 5,626.61 crore. This shows a negative trend in the company's operating efficiency.

The Operating Profit Margin for the quarter was also at its lowest in the last five quarters, at 4.98%. This indicates a decline in the company's efficiency.

Overall, B P C L's financial performance for the quarter ending June 2024 has been negative, with a decline in key financial indicators. The company's profitability and efficiency have deteriorated, leading to a 'Hold' call by MarketsMOJO.