Stellar Q4 result: This multibagger PSU stock reports a 163 per cent jump in net profit; declares dividend!

The stock gave 18.20 per cent in 6 months, up by 10.50 per cent in 1 year and since November 1, 1996 till date the stock generated over 1,762 per cent return.

Bharat Petroleum Corporation Ltd, a PSU company and leading player in petroleum products announced its Quarterly Results and annual results for the year ended March 31, 2023. Details below:

Quarterly Results: The net sales increased by 8.10 per cent, and the net profit increased by 163.90 per cent, with an EPS of Rs 31.67 in Q4FY23 over Q4FY22.

Annual Results: The net sales increased by 23.34 per cent with an EPS of Rs 9.82 in FY23 over FY22. The company reported a net loss of Rs 60.87 crore in FY23 compared to a net profit of Rs 10,145.77 crore in FY22.

Additionally, the company have declared a dividend of Rs 4 per equity share of the face value of Rs 10 each, for the financial year ended March 31, 2023.

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Bharat Petroleum Corporation Ltd is an Indian state-controlled oil and gas company involved in the refining, marketing, and distribution of petroleum products. The shares of the company saw a spurt in volume by more than 2.22 times on BSE.

On Tuesday, shares of BPCL zoomed 1.40 per cent to Rs 366.55 per share with an intraday high of Rs 371.95 and an intraday low of Rs 366 per share.

The stock gave 18.20 per cent in 6 months, up by 10.50 per cent in 1 year and since November 1, 1996 till date the stock generated over 1,762 per cent return. Investors should keep an eye on this multibagger large-cap stock.