BPCL Q4 FY24 Results Preview: Net profit likely to surge 61%, margin to expand by over 250 bps

BPCL Q4 FY24 Results Preview: State-run oil marketing company (OMC) Bharat Petroleum Corporation Ltd (BPCL) is all set to report its financial results for the quarter and the year ended March 31, 2024, on May 9. Analysts see the PSU OMC staging a strong financial performance for the January-March period driven by a steady rise in revenue and a higher gross refining margin (GRM). According to Zee Business research, BPCL is estimated to register a standalone net profit of Rs 5,474 crore for the March quarter, which translates into a jump of 61.1 per cent compared with the previous three months. The analysts expect the PSU's fourth-quarter revenue to increase 4.7 per cent sequentially to Rs 1,20,970 crore. ALSO READ: HPCL, BPCL to make bonus, dividend announcements soon? (This story will be updated shortly) Catch all the latest stock market updates here. For all other news related to business, politics, tech and auto, visit Zeebiz.com. 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