New Delhi: State-owned Bharat Petroleum Corp Ltd (BPCL) on Friday reported over four-fold jump in net profit at Rs 3,962.83 crore for the fourth quarter ended March, 2012 and declared a 1:1 bonus.

The oil major had posted a net profit of Rs 935.18 crore in the January-March quarter of 2010-11.

Sales jumped to Rs 65,080.34 crore in the fourth quarter of 2011-12 fiscal from Rs 45,755.55 crore in the same period of the previous fiscal, the company said in a filing to the stock exchanges.

The board of the state-run firm announced a bonus issue in the ratio of 1:1 and a dividend of Rs 11 per share.

"One new bonus equity share of Rs 10 each for every one equity share of Rs 10 held as on a record date to be fixed later for this purpose. The company will seek the approval of the shareholders through postal ballot process," it said.

The bonus shares would result in capitalisation of a sum of Rs 361.54 crore. Accordingly, the paid-up equity capital of the company would stand revised to Rs 723.08 crore from the present level of Rs 361.54 crore.

For the financial year 2011-12, the company posted a net profit of Rs 1,311.27 crore as compared to Rs 1,546.68 crore in the previous fiscal.

Turnover increased from Rs 1,53,260.81 crore in 2010-11 to Rs 2,13,674.75 crore.


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