2 weeks Ago
Bharat Petroleum Corporation Q2 Results Live : Bharat Petroleum Corporation has announced its Q2 results on October 25, 2024, revealing a challenging quarter for the company. The topline saw a modest increase of 1.11% year-over-year, but the profit plunged significantly by 72.
13% compared to the same period last year. In comparison to the previous quarter, Bharat Petroleum experienced a decline in revenue by 7.93% and a reduction in profit by 19.
16%. This trend highlights the ongoing struggles faced by the company amidst fluctuating market conditions. The company's Selling, General & Administrative (SG&A) expenses showed a slight decline of 1.
58% quarter-over-quarter, although they increased by 1.37% year-over-year, indicating some cost management efforts amidst declining profitability. Operating income took a considerable hit, dropping by 29.
94% from the previous quarter and decreasing by 75.91% year-over-year, underscoring the pressing challenges facing Bharat Petroleum in maintaining operational efficiency. Earnings Per Share (EPS) for Q2 stood at ₹ 5.
51, reflecting an alarming decrease of 86.12% year-over-year, which may raise concerns among investors regarding the company's earnings power. In terms of market performance, Bharat Petroleum Corporation has delivered a -6.
2% return over the last week, while showing a 6.55% return over the past six months and a notable 42.66% year-to-date return.
As of October 26, 2024, Bharat Petroleum's market capitalization is reported at ₹ 139,461.3 Crores, with its 52-week high and low standing at ₹ 376 and ₹ 165.72 respectively.
Out of 29 analysts covering the company, there is a mixed sentiment; 4 analysts have rated it as Strong Sell, 5 as Sell, 6 as Hold, 8 as Buy, and 6 as Strong Buy. The consensus recommendation as of October 26, 2024, suggests a Hold position for investors. Bharat Petroleum Corporation Financials.
