BPCL Q1 Net Profit Jumps 141% to ₹6,839 Crore

Bharat Petroleum Corporation Limited (BPCL) reported a 141% jump in Q1 net profit to ₹6,839 crore, compared to ₹2,841.55 crore in the same period previous fiscal. The state-owned Maharatna company's consolidated revenue from operations stood at ₹1,29,614.69 crore, a slight increase of about 1% YoY. Operating expenses fell 2% YoY to ₹1,22,583.43 crore, while EBITDA witnessed a sharp 68% YoY jump to ₹10,427.66 crore. The operating margin soared to 6.32% in Q1 compared with 2.68% in the same period previous financial year.

Bharat Petroleum Corporation Limited (BPCL), a Maharatna public sector undertaking (PSU), reported a substantial 141% year-on-year (YoY) increase in its Q1 net profit for the financial year 2025-26 (FY26). The company's net profit for the quarter ended June 30, 2025, stood at ₹6,839 crore, compared to ₹2,841.55 crore in the same period the previous fiscal year [1].

The state-owned company's consolidated revenue from operations for the quarter was ₹1,29,614.69 crore, representing a marginal increase of approximately 1% YoY. Operating expenses fell by 2% YoY to ₹1,22,583.43 crore. This led to a sharp 68% YoY jump in EBITDA to ₹10,427.66 crore. Consequently, the operating margin soared to 6.32% in Q1 compared to 2.68% in the same period the previous financial year [1].

The improved financial performance was attributed to a dip in costs and enhanced fuel demand. The average gross refining margin fell to $4.88 per barrel for the quarter ended June 30, 2025, from $7.86 per barrel a year ago. This was due to higher supply and tariff-related uncertainty in the global crude oil market [2].

Analysts had expected a profit of ₹5,718 crore for the quarter, but BPCL's actual performance exceeded these expectations. The company's revenue from operations rose by 1.2% to ₹1.30 trillion, while expenses declined by about 2% to ₹1.22 trillion. The cost of materials consumed also decreased by 8.8% [2].

The strong performance of BPCL comes amidst a backdrop of rising tensions with Pakistan and record growth in petrol and diesel consumption in India. The company's focus on cost optimization and improved demand conditions have contributed significantly to its robust Q1 results [3].

References:
[1] https://www.livemint.com/topic/bpcl
[2] https://www.business-standard.com/companies/quarterly-results/bpcl-beats-quarterly-profit-view-on-lower-costs-improved-demand-125081301165_1.html