B P C L's Q4 Financial Results Show Flat Performance, 'Hold' Call by MarketsMOJO

Bharat Petroleum Corporation Limited (B P C L) recently announced its financial results for the quarter ended March 2024. The company, which operates in the oil exploration and refineries industry, is classified as a largecap company.

According to the latest financial report, B P C L's performance for the quarter has been flat. The company's score has fallen from 5 to -3 in the last three months. This indicates that the company has not been able to meet market expectations and has faced challenges in the quarter.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income. The company's PBT for the quarter was Rs 6,266.25 crore, which is a decrease of 33.6% compared to the average PBT of the previous four quarters, which was Rs 9,437.12 crore. This trend is a cause for concern in the near term.

Similarly, the Profit After Tax (PAT) for the quarter was Rs 4,864.03 crore, a decrease of 35.5% compared to the average PAT of the previous four quarters, which was Rs 7,537.27 crore. This indicates a negative trend in the near term for the company's PAT.

Based on these financial results, MarketsMOJO has given a 'Hold' call for B P C L's stock. It is important to note that this is a neutral recommendation and does not reflect any future potential or expert opinion. The information provided is based on facts and figures from the company's financial report.