BPCL share price hits 52-week high on strong Q4 result, record dividend approval

Shares of Bharat Petroleum Corporation Limited surged to a 52-week high in early trade after the company reported strong Q4 results on Wednesday.

Shares of Bharat Petroleum Corporation Limited (BPCL) on Thursday hit a 52-week high of Rs 488 after rising 3 per cent in morning trade. The development comes a day after the company reported strong results for the quarter ended March 31, 2021 (Q4FY21). The company reported a net profit of Rs 11,940 crore in the March quarter, including one-time gain of Rs 6,993 crore. It had posted a net loss of Rs 1,361 crore in the same quarter a year ago. The profit reported by the company can be largely attributed to inventory gains besides the sharp recovery it saw in the second half of FY21 due to higher fuel sales.