BPCL Dividend: Bharat Petroleum Corp Ltd (BPCL) announced its January-March quarter results for fiscal 2024-25 (Q4FY25) on Tuesday, April 29, reporting healthy topline growth, and declared a final dividend for the fiscal.
The state-owned oil marketing company (OMC) declared a final dividend of ₹5 per share for the fiscal year, with a face value of ₹10 each. The dividend will be paid 30 days after the declaration of the OMC's annual general meeting (AGM). The record date for the dividend will be announced separately.
BPCL's board of directors announced a final dividend of ₹5 per equity share, in addition to the interim dividend of ₹5 paid earlier in FY25.
“The Board of Directors has recommended a final dividend of ₹5 per equity share of face value of ₹10 each, subject to the shareholders' approval at the ensuing Annual General Meeting (AGM). The final dividend would be paid within 30 days of its declaration at the AGM. The record date for the final dividend will be intimated separately,” said BPCL in its regulatory filing.
BPCL will announce the record date for its final dividend in a separate exchange filing. According to the OMC's statement, the final dividend will be paid within 30 days from the declaration at the annual general meeting.
"The Board of Directors at its meeting held on April 29 recommended a final dividend of ₹5 per equity (Face Value: ₹10 per equity share). This is in addition to the interim dividend of ₹5 per equity share (Face Value: ₹10 per equity share) paid for the year by the corporation," said BPCL in its exchange filing.
BPCL has declared 39 dividends since January 31, 2003. In the past 12 months, the OMC has declared an equity dividend of ₹15.50 per share. At the current share price of ₹311.7000, BPCL's dividend yield is 4.97 per cent.
BPCL reported a decline of eight per cent in its consolidated net profit to ₹4,392 crore for the March 2025 quarter, compared to ₹4,789.57 crore in the same quarter last year. The revenue from operations during the quarter under review dipped four per cent to ₹1,26,916 crore from ₹1,32,087 crore in the corresponding quarter of the financial year 2023-24 (FY24).
On a quarter-on-quarter (QoQ) basis, the PSU's net profit saw a 15 per cent uptick from ₹3,806 crore posted in the preceding quarter of FY25. The OMC's revenue from operations was largely flat, down just 0.5 per cent QoQ.
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