Hindustan Petroleum Corporation Limited (HPCL) is an Indian state-possessed oil and common gas organization with its central command at Mumbai, Maharashtra and with Navratna status.

HPCL has been positioned 260th in the Fortune Global 500 rankings of the world's greatest organizations (2013) and fourth among India's Companies for the year 2012.

HPCL has around 25% showcasing offer in India among PSUs and a solid advertising foundation. The Government of India possesses 51.11% shares in HPCL and others are conveyed amongst money related organizations, open and different financial specialists.

For the benefit of the Board of Directors, take delight in introducing the Annual Report on the execution of Bharat Petroleum Corporation Limited (BPCL) for the year finished 31st March, 2014. Execution

OVERVIEW

Group Performance
During the year 2013-14, the total Refinery throughput at BPCL's' Refineries at Mumbai and Kochi, alongside its auxiliary organization, Numaligarh Refinery Limited (NRL) and considering half throughput of Joint Venture Company, Bharat Oman Refineries Limited (BORL) was 28.69 Million Metric Tons (MMT) in contrast with 28.55 MMT in 2012-13. The BPCL Group finished the year with business sector offers of 34.31 MMT as against 33.67 MMT in the earlier year. The gathering's' fares of petroleum items amid the year remained at 3.06 MMT as thought about 3.22 MMT in 2012-13.

In the money related year, the gathering accomplished a Gross Revenue from Operations of Rs. 2,76,005.09 crores when contrasted with Rs. 2,53,285.57 crores recorded in 2012-13. The Profit after Tax was at Rs. 4,052.98 crores in 2013-14 as against Rs. 1,936.15 crores in the earlier year. In the wake of setting off the minority premium, the Group income per offer expanded to Rs. 54.08 in the present year from Rs. 26.01 in 2012-13.

Consolidated Group Results
2013-14
2012-13

Physical Performance Crude Throughput (MMT)
28.69
28.55

Market Sales (MMT)
34.31
33.67

Financial Performance '' Crores

Gross Revenue from Operations
2,76,005.09
2,53,285.57

Less: Excise Duty Paid
(11,598.49)
(11,104.59)

Net Revenue from Operations
2,64,406.60
2,42,180.98

Gross Profit
10,758.74
8,201.25

Finance Cost
1,982.14
2,518.29

Depreciation & amortization expense
2,610.92
2,462.70

Profit before tax
6,165.68
3,220.26

Provision for taxation - Current (Net of MAT Credit Entitlement)
2,554.43
1,398.88

Profit after Current Tax
3,611.25
1,821.38

Provision for taxation - Deferred (Asset )/Liability
(355.31)
(72.65)

Short /(Excess) provision for Taxation in earlier years provided for
(86.42)
(42.12)

Net Profit
4,052.98
1,936.15

Minority Interest
142.30
55.32

Net Income of the group attributable to BPCL
3,910.68
1880.83

Group Earnings per share attributable to BPCL")
54.08
26.01

COMPANY RESULTS
2013-14
2012-13

Physical Performance Crude Throughput (MMT)
23.35
23.21

Market Sales (MMT)
34.00
33.30

Rs. Crores
Financial Performance

Gross Revenue from Operations
2,71,037.35
2,50,649.26

Gross Profit
9,554.88
7,787.03

Finance Cost
1,359.08
1,825.24

Depreciation & amortization expense
2,246.82
1,926.10

Profit before tax
5,948.98
4,035.69

Provision for Taxation - Current (Net of MAT Credit Entitlement)
2,275.00
1,173.29

Provision for Taxation - Deferred
(294.82)
255.16

Short/(Excess) provision for taxation in earlier years provided for
(92.08)
(35.66)

Net Profit
4,060.88
2,642.90

Balance brought forward
500.00
500.00

Amount available for disposal
4,560.88
3,142.90