Bharat Petroleum Corporation Ltd (BPCL) has reported a significant boost in its financial performance for the quarter ended September, with a substantial increase in net profit and a declaration of interim dividend.

Financial Highlights

BPCL's consolidated net profit for Q2 surged by 170% to ₹6,191.00 crore, compared to ₹2,297.00 crore in the same quarter last year. The company's revenue from operations saw a modest growth of 3%, reaching ₹121,605.00 crore.

Operational Performance

The company's average Gross Refining Margin (GRM) for the half-year period stood at $7.77 per barrel, indicating the profitability of its refining operations.

Dividend Announcement

BPCL's board has declared an interim dividend of ₹7.50 per equity share, with the record date set for November 7.

Government Compensation

In a significant development, BPCL has received government approval for ₹7,594.00 crore in compensation to offset under-recoveries on domestic LPG sales. This amount will be disbursed in 12 monthly installments starting November, potentially improving the company's cash flow and financial stability.

Standalone Performance

On a standalone basis, BPCL reported an even stronger performance:

The substantial increase in both consolidated and standalone net profit suggests a robust quarter for BPCL, despite only a modest increase in revenue. The reduction in total expenses, coupled with the government compensation for LPG under-recoveries, appears to have contributed significantly to the improved bottom line.

As BPCL continues to navigate the dynamic energy sector, these results demonstrate the company's ability to enhance profitability while managing operational costs effectively.

Bharat Petroleum Corporation Limited (BPCL), one of India's leading oil marketing companies, has reported robust financial results for the first half of fiscal year 2025-26, demonstrating significant growth and operational efficiency.

Financial Highlights

BPCL reported a consolidated net profit of Rs 13,030.51 crores for H1 FY26, marking a substantial increase from Rs 5,138.78 crores in the corresponding period last year. The company's performance was driven by strong revenue growth and improved operational efficiency.

Key financial metrics for H1 FY26:

All financial figures in Rs crores, except EPS in Rs and percentages

Operational Performance

The company's refinery throughput for H1 FY26 stood at 20.24 MMT, slightly lower than 20.39 MMT in H1 FY25. However, BPCL's market sales showed positive growth:

• Domestic Sales: 26.25 MMT (up from 25.55 MMT in H1 FY25)
• Export Sales: 0.81 MMT (up from 0.67 MMT in H1 FY25)
• Domestic Market Sales Growth: 2.74%

Dividend Announcement

The Board of Directors has declared an interim dividend of Rs 7.5 per equity share (75% on face value of Rs 10) for FY 2025-26. The dividend will be payable by November 29, 2025, with the record date set for November 7, 2025.

Improved Profitability

BPCL's Average Gross Refining Margin (GRM) improved to $7.77 per barrel in H1 FY26, compared to $6.12 per barrel in the same period last year, indicating better refining efficiency and profitability.

Balance Sheet Strength

As of September 30, 2025, BPCL's consolidated balance sheet showed:

• Total Assets: Rs 227,966.80 crores
• Net Worth: Rs 93,935.44 crores
• Debt-to-Equity Ratio: 0.46 (improved from 0.64 in H1 FY25)

Compliance Note

The company has disclosed that it has not complied with SEBI regulations requiring at least half of the board members to be independent directors when the chairman is an executive director. This non-compliance was noted for the quarter and six months ended September 30, 2025.

Quarterly Performance

In addition to the half-yearly results, BPCL also announced its quarterly performance:

• Earnings per share for the quarter reached Rs 15.08, a significant increase from Rs 5.61 in the previous year's quarter.
• Net profit for the quarter rose to Rs 6,442.53 crores, up from Rs 2,397.23 crores year-over-year.
• Revenue from operations for the quarter was Rs 121,570.90 crores.
• Refinery throughput for the quarter decreased to 9.82 MMT from 10.28 MMT in the previous year's quarter.
• Domestic market sales for the quarter grew by 2.26%.

BPCL's strong financial results and dividend announcement reflect the company's robust performance in a dynamic energy market. The company's focus on operational excellence and financial prudence has contributed to its improved financial metrics and operational performance in both H1 FY26 and the latest quarter.