Bharat Petroleum Corporation (BPCL) reported a sharp drop in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company declined 15.19% to Rs 40,683.70 million from Rs 47,972.90 million in the same quarter last year.
Net sales for the quarter rose 12.76% to Rs 747,719.60 million, compared with Rs 663,107 million for the prior year period.
Earnings per share for the quarter stood at Rs 56.26, registering 15.21% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 747,719.60 | 663,107.20 | 12.76 |
| Net Profit | 40,683.70 | 47,972.90 | (15.19) |
| Basic EPS | 56.26 | 66.35 | (15.21) |
Shares of the company declined Rs 5.2, or 0.96%, to settle at Rs 536.50. The total volume of shares traded was 155,227 at the BSE (Thursday).
