- BPCL’s net income for 1Q 2024 is 30.1 billion rupees, which is a 71% decrease year-on-year.
- This net income figure is higher than the estimated 26.21 billion rupees.
- Revenue for the quarter stands at 1.28 trillion rupees, matching last year’s figure and exceeding the estimate of 1.17 trillion rupees.
- Total costs rose to 1.25 trillion rupees, an increase of 8.7% compared to the same period last year.
- BPCL’s refining margin dropped by 38% year-on-year to $7.86.
- BPCL shares fell by 4.6% to 303.50 rupees, with 16.3 million shares traded.
- Investment analyst ratings include 18 buys, 5 holds, and 10 sells.
A look at Bharat Petroleum Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Bharat Petroleum Corp is positioned favorably for long-term success. With a high Dividend score of 5, investors can expect steady returns from the company. Additionally, the Value score of 4 indicates that the company is reasonably priced relative to its intrinsic value, making it an attractive investment option. Furthermore, the Momentum score of 4 suggests that Bharat Petroleum Corp is showing strong positive market momentum, which bodes well for its future performance.
Although the Growth and Resilience scores are slightly lower at 3, Bharat Petroleum Corp‘s overall outlook remains positive. The company’s core business of exploring, refining, and manufacturing petroleum products, along with its expansive retail presence across the country, positions it well for continued success in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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