High dividend yield stocks surged after reporting a staggering 1,600% quarter-over-quarter increase in net profits
High dividend yield stocks is a financial ratio that indicates the annual dividend income as a percentage of a stock’s current price. It is a useful tool for investors to evaluate the potential income from dividends. For instance, if a stock is priced at $100 and pays a $5 annual dividend, its dividend yield would be 5%.
One example of a high dividend yield stock that has reported a net profit increase of up to 200% is Hindustan Petroleum Corporation Ltd. This company is primarily involved in refining crude oil, marketing petroleum products, producing hydrocarbons, and managing E&P Blocks.
With a market capitalization of Rs 77,601.69 crore, the shares of Hindustan Petroleum Corporation Ltd were trading at Rs 364.70 per share, representing a 0.69% increase compared to the previous closing price. The company boasts a dividend yield of 5.76%.
In Q3FY25, Hindustan Petroleum Corporation Ltd achieved positive results, with revenue growing by 11% on a quarter-on-quarter basis from Rs 99,977 crore in Q2FY25 to Rs 110,608 crore in Q3FY25. Additionally, revenue decreased by 1% year on year, from Rs 111,348 crore in Q3FY24 to Rs 110,608 crore in Q3FY25.
The company’s net profit surged by an impressive 1,679% on a quarter-on-quarter basis, rising from Rs 143 crore in Q2FY25 to Rs 2,544 crore in Q3FY25. Furthermore, net profit saw a substantial increase of 256% year on year, climbing from Rs 713 crore in Q3FY24 to Rs 2,544 crore in Q3FY25.
Bharat Petroleum Corporation Ltd is an Indian company that operates as a producer, refiner, and distributor of petroleum products. The company’s diverse business portfolio includes fuel services, Bharatgas, MAK Lubricants, refineries, gas, industrial & commercial, international trade, and proficiency testing.
With a market capitalization of Rs1.17 lakh crore, the company’s shares were trading at Rs 269.95 per share, reflecting a 0.44 percent increase compared to the previous closing price. Bharat Petroleum Corporation Ltd boasts a dividend yield of 7.79 percent.
In Q3FY25, Bharat Petroleum Corporation Ltd reported positive results, with revenue decreasing by 2 percent on a quarter-on-quarter basis from Rs. 115,499 crore in Q2FY25 to Rs.113,166 crore in Q3FY25. However, revenue increased by 10 percent year on year, from Rs 102,785 crore in Q3FY24 to Rs. 113,166 crore in Q3FY25.
The company’s net profit also saw a significant increase, rising by 66 percent on a quarter-on-quarter basis from Rs. 2,297 crore in Q2FY25 to Rs. 3,806 crore in Q3FY25. Furthermore, net profit grew by 20 percent year on year from Rs 3,181 crore in Q3FY24 to Rs. 3,806 crore in Q3FY25.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.