State-owned Bharat Petroleum Corporation (BPCL) reported a 62 per cent year-on-year rise in standalone net profit to ₹7,545.27 crore for the October–December quarter of FY26, supported by stronger refining margins amid softer international crude oil prices.
The company had posted a net profit of ₹4,649.20 crore in the corresponding quarter of the previous financial year, according to a company statement.
BPCL did not disclose quarterly gross refining margin (GRM) numbers but said it earned $9.68 per barrel from turning crude oil into fuel so far in the current financial year, compared with $5.95 per barrel during the same period last year.
“This growth reflects the company’s focus on operational performance, marketing efficiency and sales momentum,” the company said in a statement.
Revenue from operations during the quarter increased 7 per cent to ₹1.36 lakh crore, aided by higher throughput and fuel sales.
Dividend announced
The board declared an interim dividend of ₹10 per share, taking the total interim dividend for FY26 to ₹17.5 per share on a face value of ₹10 per share.
For the nine months ended December 31, BPCL reported a net profit of ₹20,111.73 crore, nearly double the earnings recorded in the same period last year.
Refinery operations
During the quarter, BPCL’s refineries processed 10.51 million tonne of crude oil, with capacity utilisation of 119 per cent, compared with 9.54 million tonne processed in the corresponding quarter of FY25.
Fuel sales during the quarter rose nearly 5 per cent to 14.07 million tonne, reflecting steady demand across product segments.
For the April–December period, refinery throughput increased to 30.75 million tonne from 29.93 million tonne a year earlier, while market sales rose 3.4 per cent to 40.32 million tonne.