Mumbai, May 30: Bharat Petroleum Corporation Group has posted a 80.7 per cent rise in net profit at Rs 1,821.1 crore for the financial year ended March 31, 2003, compared to Rs 1,007.7 crore posted in previous fiscal. The board has recommended a 130 per cent (Rs 13 per share) final dividend resulting in an outgo of Rs 439.96 crore, including the tax, taking the total dividend to 150 per cent, the company said in a release on Thursday after the board meeting in Delhi.
The group turnover has recorded an increase of 24 per cent at Rs 56,818 crore (Rs 45,801 crore in FY ‘02), it said.
On a standalone basis, Bharat Petroleum Corporation Ltd (BPCL) has registered a 47.1 per cent rise in net profit at Rs 1,250 crore in FY ‘03 (Rs 850 crore) while the turnover grew by 21.8 per cent at Rs 48,502 crore (Rs 39,830 crore), it said.
Net profit of BPCL in the fourth quarter ended March stood at Rs 447 crore (Rs 373.1 crore).
Bureau Report