BPCL Shares to Trade Ex-Date on January 29: Interim Dividend of ₹5

On January 29, 2025, BPCL shares to trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for the ₹5 interim dividend. On January 22, 2025, BPCL announced an interim dividend of ₹5.

BPCL Dividend History

BPCL Q3FY25 Operation Highlight 

In Q3FY25, refining throughput was 9.5 million metric tons (MMT), reflecting a 7.2% decrease quarter-on-quarter (QoQ). The reported gross refining margin (GRM) stood at US$5.6 per barrel (bbl), lower than the projected US$7.5/bbl. However, the GRM saw a 27% increase QoQ. Compared to the same period last year, GRM dropped by 58%. The average Singapore GRM for Q4-to-date has softened to around US$3/bbl due to a decline in product cracks. We expect the GRM to return to its long-term average of US$5-7/bbl in FY26/27. For FY25/26/27, we forecast GRM to be around US$5.7/6.6/bbl.

The majority of the capital expenditure (capex) will be spent in FY28, with an estimated total of ₹490 billion. BPCL has secured a ₹318 billion loan facility from a consortium of six banks. In Q3, BPCL processed 31% of Russian oil. While it has secured cargoes for January and February, there will be an insufficient supply for March due to US sanctions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.