Bharat Petroleum Corporation Q2 Results Live : Bharat Petroleum Corporation has announced its Q2 results on October 25, 2024, revealing a challenging quarter for the company. The topline saw a modest increase of 1.11% year-over-year, but the profit plunged significantly by 72.13% compared to the same period last year.
In comparison to the previous quarter, Bharat Petroleum experienced a decline in revenue by 7.93% and a reduction in profit by 19.16%. This trend highlights the ongoing struggles faced by the company amidst fluctuating market conditions.
The company’s Selling, General & Administrative (SG&A) expenses showed a slight decline of 1.58% quarter-over-quarter, although they increased by 1.37% year-over-year, indicating some cost management efforts amidst declining profitability.
Operating income took a considerable hit, dropping by 29.94% from the previous quarter and decreasing by 75.91% year-over-year, underscoring the pressing challenges facing Bharat Petroleum in maintaining operational efficiency.
Earnings Per Share (EPS) for Q2 stood at ₹5.51, reflecting an alarming decrease of 86.12% year-over-year, which may raise concerns among investors regarding the company’s earnings power.
In terms of market performance, Bharat Petroleum Corporation has delivered a -6.2% return over the last week, while showing a 6.55% return over the past six months and a notable 42.66% year-to-date return.
As of October 26, 2024, Bharat Petroleum’s market capitalization is reported at ₹139,461.3 Crores, with its 52-week high and low standing at ₹376 and ₹165.72 respectively.
Out of 29 analysts covering the company, there is a mixed sentiment; 4 analysts have rated it as Strong Sell, 5 as Sell, 6 as Hold, 8 as Buy, and 6 as Strong Buy. The consensus recommendation as of October 26, 2024, suggests a Hold position for investors.
Bharat Petroleum Corporation Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 117948.75 | 128106.39 | -7.93% | 116657.34 | +1.11% |
| Selling/ General/ Admin Expenses Total | 773.11 | 785.51 | -1.58% | 762.64 | +1.37% |
| Depreciation/ Amortization | 1778.63 | 1686.13 | +5.49% | 1605.27 | +10.8% |
| Total Operating Expense | 115285.62 | 124305.05 | -7.26% | 105604.07 | +9.17% |
| Operating Income | 2663.13 | 3801.34 | -29.94% | 11053.27 | -75.91% |
| Net Income Before Taxes | 3093.67 | 3858.9 | -19.83% | 11055.74 | -72.02% |
| Net Income | 2297.23 | 2841.55 | -19.16% | 8243.55 | -72.13% |
| Diluted Normalized EPS | 5.51 | 6.9 | -20.08% | 39.7 | -86.12% |
