Bharat Petroleum Corporation Ltd (BPCL) will consider the declaration of interim dividend for the ongoing fiscal year, and fixation of the record date for the same, in the board meeting scheduled on November 29, regulatory filing declared on November 21 .
The announcement comes three weeks after the state oil marketing company posted a net profit of ₹8,422 crore in the quarter ending September 2023, against a net loss of ₹338 crore in the year-ago period.
“… this is to inform you that a meeting of the Board of Directors will be held on Wednesday, 29 November 2023, to consider the proposal to declare an interim dividend for the financial year 2023-24 and to set a record date ,” it informed. the stock markets
The record date marks the last date of the period during which shareholders are eligible for the dividend payment.
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For the fiscal year ending March 2023, BPCL has declared a stock dividend of ₹4 per share of a face value of ₹10 each.
Meanwhile, in the second quarter of FY24, BPCL’s net profit came down sequentially even as it increased year-on-year. At ₹8,422 crore, the net profit was lower than ₹ ₹10,644 crore recorded in the previous quarter ended June 2023.
The income from operations came in at ₹1.17 lakh crore in Q2FY24. This was lower compared to the identical operating income of ₹1.28 lakh crore recorded in the previous quarter and in the year-ago period.
In the trading session on November 21, BPCL’s share closed at ₹388.10 apiece on the BSE, down nearly 1 percent from the previous day’s close.
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Updated: 21 Nov 2023, 16:50 IST
(tagsTo Translate)Interim Dividend