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Informist, Wednesday, Aug. 13, 2025

--BPCL Apr-Jun net profit INR 61.24 bln 

--Analysts saw BPCL Apr-Jun net profit INR 61.96 bln 

--BPCL Apr-Jun net profit INR 61.24 bln vs INR 30.15 bln year ago 

--BPCL Apr-Jun revenue INR 1.296 tln vs INR 1.281 tln year ago 

--BPCL Apr-Jun average GRM $4.88/bbl vs $7.86/bbl year ago

--BPCL Apr-Jun refinery throughput 10.42 mln tn vs 10.11 mln tn year ago 

--BPCL Apr-Jun domestic market sales 13.58 mln tn vs 13.16 mln tn year ago 

--BPCL Apr-Jun export market sales 450,000 tn vs 270,000 tn year ago

--BPCL Apr-Jun domestic market sales growth 3.19% vs 3.22% year ago 

By Shakshi Jain

NEW DELHI – State-owned Bharat Petroleum Corp. Ltd. Wednesday posted a more than two-fold year-on-year rise in its bottom line for the June quarter after reporting a double-digit decline in the previous quarter. This was the company's best performance on this front in nine straight quarters. The Maharatna company, however, failed to meet analysts' consensus estimate. Meanwhile, its revenue, which increased only marginally on year, managed to surpass the Street's expectations.

The public-sector enterprise reported a net profit of INR 61.24 billion for the June quarter, up 103% on year and nearly 91% sequentially. Analysts had expected the company to report a bottom line of INR 61.96 billion for the quarter. The company's revenue increased just over 1% on year and 2% sequentially to INR 1.296 trillion during the three-month period. This was higher than the INR 1.012 trillion expected by analysts. The company's top line, net of excise duty, was largely flat on year at INR 1.125 trillion.

Average gross refining margins of the company during the reporting quarter fell to $4.88 per barrel from $7.86 per barrel a year ago, the company said. The gross refining margin at the Mumbai refinery was $4.14 per barrel while at the Kochi and Bina refineries, the metric was $5.69 per barrel and $4.50 per barrel, respectively.

BPCL's refinery throughput increased to 10.42 million tonnes in Apr-Jun from 10.11 million tonnes a year ago. Within this, the throughput at the Mumbai refinery was 3.94 million tonnes while that at the Kochi refinery was 4.51 million tonnes. The throughput at the Bina refinery was 1.97 million tonnes during the reporting quarter. 

BPCL's domestic market sales totalled 13.58 million tonnes in the June quarter, up 3.19% on year. In the year-ago quarter, domestic market sales increaseed 3.22% on year. On the other hand, the company's export market sales in the reporting quarter increased to 450,000 tonnes from 270,000 tonnes a year ago.

The oil major's total expenses, excluding excise duty, declined just over 4% on year to INR 1.051 trillion in Apr-Jun. This was led by a near 9% on-year decline in its cost of materials consumed in the three months to INR 536.86 billion. Meanwhile, expenses tied to purchase of stock-in-trade rose nearly 1% on year to INR 407.83 billion and other expenses grew 1.5% on year to INR 61.45 billion. Depreciation and amortisation expense in the June quarter rose nearly 12% on year to INR 18.82 billion.

During the quarter, BPCL recorded a marketing inventory loss of INR 8.35 billion compared to a gain of INR 4.07 billion in the corresponding period of the previous financial year.

Wednesday, shares of the company ended at INR 322.50 on the National Stock Exchange, down 0.4%. The company announced its June quarter results after market hours.   End

US$1 = INR 87.44

Edited by Vandana Hingorani

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