Bengaluru: Bharat Petroleum Corporation Limited (BPCL) has achieved a record average ethanol blending percentage of 14.14% in the first quarter of the financial year 2024-25. During this period, BPCL reported market sales of 13.16 million metric tonnes, a 3.22% increase from 12.75 million metric tonnes in the first quarter of 2023-24.
While the company saw growth in market sales, there was a significant drop in net profit compared to the same quarter last year.
BPCL's operational revenue for the quarter was Rs 1,28,103.36 crores, slightly lower than Rs 1,28,256.65 crores in the same period last year. The net profit for April-June 2024 fell to Rs 3,014.77 crores from Rs 10,550.88 crores in the same period a year ago, despite the increase in sales.
Key Financial Highlights:
Revenue from Operations: Rs 1,28,103.36 crores in Q1 FY 24-25 vs. Rs 1,28,256.65 crores in Q1 FY 23-24.
Net Profit: Rs 3,014.77 crores in Q1 FY 24-25 vs. Rs 10,550.88 crores in Q1 FY 23-24.
Ethanol Blending: BPCL achieved its highest ever average ethanol blending percentage of 14.14% during Q1 FY 24-25.
BPCL's CEO commented, "Our sales growth shows strong market demand, but our profitability has been affected by various external factors. We are focused on improving efficiency and performance in the coming quarters despite the current challenges."
BPCL also celebrated this milestone on their official Instagram account, noting the significant achievement of reaching 14.14% ethanol blending in Q1 2024-25. This success supports India's goal of reaching 15% ethanol-blended fuel as the standard by June 2024, benefiting the environment by reducing emissions and boosting the agri-based economy by creating new investment opportunities and increasing farmers' incomes.
For more information, visit BPCL at www.bharatpetroleum.com.
Bharat Bhavan, 4 and 6 Currimbhoy Road, Ballard Estate, Mumbai 400001, Maharashtra, India
BPCL is a leading public sector company in India's energy sector, focusing on refining, marketing, and distribution of petroleum products, with a strong commitment to sustainability and innovation.
