Q2 2025 Bharat Petroleum Corporation Ltd Earnings Call Transcript
Key Points
- Bharat Petroleum Corp Ltd (BOM:500547) achieved a throughput of 10.28 MMTPA, which is 114% of the nameplate capacity, indicating strong operational performance.
- The company registered a market share gain of 0.1% in MS retail and 0.12% in HKT retail among PSU during the first half of the current financial year.
- BPCL's distillate yield was 84.33% in the quarter, one of the highest among peers.
- The company achieved the highest ever ethanol blending rate of 14.97% during the quarter.
- BPCL plans to expand its retail network significantly, with 540 new retail outlets commissioned in H1 FY25 and plans to add 300 more CNG outlets by the end of FY25.
- Bharat Petroleum Corp Ltd (BOM:500547) faced LPG losses of around INR2,104 crore, impacting profitability.
- The company recorded marketing inventory losses of INR1,113 crore for the quarter.
- There was a significant fall in international product cracks, affecting the company's GRM, which decreased to $4.41 per barrel in the current quarter.
- BPCL's debt levels increased, with standalone gross borrowing at INR21,529 crore as of September 30.
- The company anticipates further absorption of losses in the coming quarters due to expected high Saudi CP levels.
Ladies and gentlemen, good day, and welcome to Q2 FY25 earnings conference call of Bharat Petroleum Corporation Limited hosted by Antique Stock Broking. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Varatharajan Sivasankaran from Antique Stock Broking. Please go ahead, sir.
Thank you, [Shifa] Good morning, everyone. And I would like to extend a very warm welcome to all the participants to this call and the management of the BPCL led by V.R.K Gupta, Director of Finance. I'll now request Rahul from BPCL to introduce the management and make the disclosures before we start the initial remarks. Rahul, please.
Yeah. Thank you, Mr. Varatharajan. Good morning, on behalf of the BPCL team, welcome you all to this post Q2 result concall. Before we begin, I would like to mention that some of the statements that we would be making during this concall are based on
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