Bharat Petroleum's Q1 Net Profit Jumps 141% to ₹6,839 Crore, Operating Margin Improves to 6.32%

Bharat Petroleum Corporation Ltd (BPCL) reported a 141% YoY increase in Q1 net profit to ₹6,839.02 crore. Revenue from operations grew 1% to ₹1,29,614.69 crore, while total expenses declined 2% to ₹1,22,583.43 crore. EBITDA rose 68% YoY to ₹10,427.66 crore, and the operating margin improved to 6.32%.

Bharat Petroleum Corporation Limited (BPCL) has reported a significant improvement in its financial performance for the first quarter ended June 30, 2025. The company recorded a 141% year-over-year (YoY) increase in net profit to ₹6,839.02 crore, driven by higher margins and stable revenue. Revenue from operations grew by 1% to ₹1,29,614.69 crore, while total expenses declined by 2% to ₹1,22,583.43 crore. EBITDA rose by 68% YoY to ₹10,427.66 crore, and the operating margin improved to 6.32% [1].

The increase in net profit was largely attributed to a 56% sequential increase in profit after tax (PAT) compared to the previous quarter. The net profit margin in Q1FY26 stood at 5.28%, up from 3.46% in Q4FY25 and 2.22% in Q1FY25 [1].

The company's revenue from downstream petroleum, which remained the dominant revenue contributor, stood at ₹1,29,578 crore in Q1FY26, up from ₹1,26,866 crore in Q4FY25 and ₹1,28,072 crore in Q1FY25. The revenue from exploration and production of hydrocarbons was ₹37 crore in Q1FY26, down from ₹50 crore in Q4FY25 and ₹34 crore in Q1FY25 [1].

BPCL's expenses decreased by 2% to ₹1,22,583 crore in Q1FY26 compared to ₹1,25,055 crore in the year-ago period. The expenses were up marginally by 0.4% compared to ₹1,22,080 crore in Q4FY25. The average gross refining margin (GRM) for the quarter ended June 30, 2025, stood at $4.88 per barrel, down from $7.86 per barrel in the April–June quarter of FY25 [1].

The company's basic earnings per share (EPS) from continuing operations stood at ₹16.01, up from ₹6.65 a year ago. The diluted EPS also remained unchanged at ₹16.01 [1].

References:
[1] https://www.marketscreener.com/news/bharat-petroleum-corporation-limited-reports-earnings-results-for-the-first-quarter-ended-june-30-2-ce7c51dbde80f323
[2] https://m.economictimes.com/markets/stocks/earnings/cons-profit-soars-141-yoy-to-rs-6839-cr-but-revenue-up-just-1/articleshow/123279968.cms