Reduce Bharat Petroleum Corporation, target price Rs 275: HDFC Securities
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Synopsis
Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 133625.97 Crore) operating in Gas & Petroleum sector.
Bharat Petroleum Corporation Ltd. key Products/Revenue Segments include Petroleum Products, Oil Crude, Other Operating Revenue, Subsidy for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 117061.41 Crore, up .92 % from last quarter Total Income of Rs 115989.89 Crore and down -1.30 % from last year same quarter Total Income of Rs 118598.49 Crore. Company reported net profit after tax of Rs 4992.16 Crore in latest quarter.
Promoters held 52.98 per cent stake in the company as of 31-Mar-2024, while FIIs owned 16.79 per cent, DIIs 21.28 per cent.
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