Annual Report 2006-2007 of Bharat Petroleum Corporation Limited

It is a broadly described annual report of Bharat Petroleum Corporation Limited in the year of 2006-2007. During the financial year, the sales turnover of the company registered a growth of 26.19% over the previous year, to reach a level of Rs. 1,074,522.70 million as compared to Rs. 851,496.22 million in 2005-06. The gross profit before interest, depreciation, and tax for the year stood at Rs. 41,491.08 million, representing an increase of 191.65 % over the previous year. The profit before tax for the year increased by 579.69 % over the previous year and has reached a level of Rs. 27,676.44 million from Rs. 4,071.95 million in 2005-06. After providing for the tax of Rs. 9,621.69 million as against Rs. 1,155.49 million during the last year, the profit after tax showed an increase of 519.06 % from Rs. 2,916.46 million in 2005-06 to Rs. 18,054.75 million in 2006-07. The earnings per share stood at Rs. 49.94 in 2006-07 as compared to Rs. 8.07 during 2005-06.

The Board of Directors of the Company has recommended a dividend of @100% (Rs. 10 per share) for the year 2006-2007.

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