Bharat Petroleum Q2 Earnings Reveal 72% Profit Drop Amidst Market Challenges - Read Now

Bharat Petroleum Corporation Q2 Results Live : Bharat Petroleum Corporation declared its Q2 results on October 25, 2024. This quarter has been a testing time for the company. Though the topline had managed to grow 1.11% year-on-year, the profit nosedived by 72.13% compared to the same quarter last year.

As compared with the earlier quarter, there is a 7.93% decrease in the revenue generated by Bharat Petroleum and 19.16% decline in profit. These are reflections of the current market condition struggles the company has had to undergo.
 
Quarter over quarter, SG&A expenses went down by 1.58%. Yet year-over-year, SG&A rose by 1.37%, reflecting efforts to cut costs amid falling profits.

Operating income was badly affected as it declined by 29.94% from the previous quarter and by 75.91% year-over-year, which are critical challenges Bharat Petroleum has to take in terms of sustaining operational efficiency.

EPS for Q2 came at ₹5.51, which declined sharply by 86.12% year-over-year, which may raise some red flags among investors about the earning power of the company.

The market returns of the corporation reflected a return of -6.2% over the week, 6.55% over the six months, and, most importantly, 42.66% year to date.
As of October 26, 2024, Bharat Petroleum's market capitalization reported is ₹139,461.3 Crores; its 52-week high and low stand at ₹376 and ₹165.72 respectively.

Of the 29 analysts covering the company, the sentiment is mixed; 4 have rated it as Strong Sell, 5 as Sell, 6 as Hold, 8 as Buy, and 6 as Strong Buy. As of October 26, 2024, the consensus recommendation is a Hold for investors.

Bharat Petroleum Corporation Financials

Below is a summary of BPCL’s key Q2 financial metrics:

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