Noida, May 19 (APAC Media): State-owned Bharat Petroleum Corporation Limited (BPCL) on Tuesday reported a 28.07% rise in consolidated profit after tax (PAT) to Rs 5,624.54 crore for FY2025-26, compared with Rs 4,391.83 crore in the previous fiscal, aided by improved operational performance and stable refining margins.
The company’s total income during the fiscal increased 6.40% to Rs 1,35,898.51 crore from Rs 1,27,720.76 crore reported in the previous year, according to a regulatory filing.
For the January-March quarter, BPCL reported growth in earnings on the back of higher fuel marketing margins and steady demand for petroleum products. The state-run oil marketing company continued to benefit from resilient domestic consumption and operational efficiencies across its refining and marketing businesses.
The company said its board also reviewed operational and financial performance for the quarter and the full fiscal year ended March 31, 2026. BPCL maintained strong throughput levels at its refineries while continuing investments in petrochemicals, city gas distribution and renewable energy projects as part of its long-term diversification strategy.
However, OMCs’ diesel marketing margins slipped into negative territory at Rs 1.0/litre in Q4FY26, compared with a positive Rs 3.7/litre in Q3FY26, while petrol margins fell 14% quarter-on-quarter to Rs 8.2/litre. The decline was driven by higher crude oil prices, elevated refining cracks, and rupee depreciation. Brent crude averaged around USD 81 per barrel during the quarter, up 27% sequentially, and ended significantly higher at nearly USD 126 per barrel, leading to substantial inventory gains. However, considering relatively limited inventory holdings, we have factored in inventory gains of USD 3 per barrel for OMCs. — Emkay Global Financial Services
India’s fuel demand remained firm during the quarter, supported by economic activity and transportation demand, helping public sector oil retailers sustain sales volumes despite volatility in global crude oil prices.
BPCL, one of the country’s leading downstream oil companies, operates major refineries in Mumbai, Kochi and Bina and has a nationwide fuel retail network. The company has been expanding its clean energy portfolio while strengthening core refining and fuel marketing operations.
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