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.

Bharat Petroleum Corporation Limited (BPCL), one of India's leading oil marketing companies, has announced strong financial results for the second quarter, along with a generous interim dividend for its shareholders.

Financial Performance Highlights

BPCL reported a significant increase in its quarterly net profit, which rose to ₹6,442.53 crore for the quarter ended September 30. This marks a substantial improvement from the ₹6,123.93 crore reported in the previous quarter. The company's performance shows resilience in a dynamic market environment.

Revenue and Profitability

Despite a slight decline in revenue, BPCL managed to improve its profitability:

The improvement in EBITDA and EBITDA margin indicates enhanced operational efficiency and cost management by the company.

Interim Dividend Announcement

In a move that will please shareholders, BPCL's Board of Directors has declared an interim dividend of ₹7.5 per equity share. This represents a 75% dividend on the face value of ₹10 per share. Key points regarding the dividend:

• Record Date: November 7
• Payment Date: On or before November 29
• Mode of Payment: Electronic transfer only

Operational Performance

BPCL's operational metrics for the half-year ended September 30 showcase its strong market presence:

• Refinery Throughput: 20.24 Million Metric Tonnes (MMT)
• Market Sales:
  • Domestic: 26.25 MMT
  • Export: 0.81 MMT
• Domestic Market Sales Growth: 2.74%

Financial Position

As of September 30, BPCL's financial position remains robust:

• Net Worth: ₹91,670.38 crore
• Debt-Equity Ratio: 0.13
• Current Ratio: 0.92

These figures indicate a strong balance sheet and healthy liquidity position.

Looking Ahead

While BPCL has shown impressive performance, it continues to navigate challenges in the oil and gas sector. The company's ability to maintain profitability despite revenue fluctuations demonstrates its operational resilience and strategic management.

Investors and stakeholders will be watching closely to see how BPCL capitalizes on market opportunities and manages potential headwinds in the coming quarters.