Bharat Petroleum Q2 Review - Focus On Divestment: IDBI Capital

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IDBI Capital Report

In Q2 FY22, Bharat Petroleum Corporation Ltd.'s sales grew by 62.6% year-on-year and 15% quarter-on-quarter to Rs 815 billion.

Standalone Ebitda increased by 16.3% year-on-year and 37.7% quarter-on-quarter to Rs 44.8 billion.

Net profit expanded by 19.9% year-on-year and 79.4% quarter-on-quarter to Rs 26.9 billion, mainly supported by increase in other come which grew by 3017% year-on-year to Rs 3.9 billion.

Its domestic marketing volume grew by 11% while Refinery utilization remained at 104% in Q2 FY22.

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