BPCL (Bharat Petroleum Corporation Ltd)'s Q1 FY 2025-26 Quarterly Results

Result Summary

• BPCL (Bharat Petroleum Corporation Ltd) reported a 3.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 0.3%.
• Its expenses for the quarter were down by 4.1% QoQ and 4.1% YoY.
• The net profit increased 42.8% QoQ and increased 140.7% YoY.
• The earnings per share (EPS) of BPCL (Bharat Petroleum Corporation Ltd) stood at 16 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Bharat Petroleum Corporation Ltd (BPCL) is one of India's leading oil and gas companies, primarily involved in the refining, storage, distribution, and marketing of petroleum products. As a major player in the energy sector, BPCL's product portfolio includes motor spirit, high-speed diesel, kerosene, liquefied petroleum gas, aviation turbine fuel, and other specialty products. BPCL operates in both the upstream and downstream sectors of the oil and gas industry. It has a significant presence in refining, with refineries located in Mumbai, Kochi, and Bina. The downstream sector involves the marketing and distribution of petroleum products through a vast network of retail outlets across the country. As of the date this analysis was conducted, there are no recent major developments or acquisitions reported for BPCL.

Revenue

In Q1FY26, BPCL reported a total income of ₹113,301.16 crores, compared to ₹117,061.41 crores in Q4FY25, marking a quarter-over-quarter (QoQ) decline of 3.2%. When compared to the same quarter in the previous fiscal year (Q1FY25), which stood at ₹113,665.41 crores, there is a slight year-over-year (YoY) decrease of 0.3%. The revenue trends reflect a small decline both sequentially and annually, indicating relatively stable revenue performance over the period. The total income consists of sales from various petroleum products, and this stability suggests the maintenance of market position despite potential fluctuations in oil prices and consumer demand.

Profitability

For Q1FY26, BPCL's profit before tax (PBT) was ₹7,713.59 crores, showing a significant QoQ increase of 12.2% from ₹6,871.84 crores in Q4FY25. YoY, the PBT grew by 121.7% from ₹3,479.55 crores in Q1FY25. This substantial growth in profitability indicates improved operational efficiency or other factors contributing to increased margins. After accounting for tax expenses of ₹2,032.67 crores, the profit after tax (PAT) for Q1FY26 was ₹6,839.02 crores, up by 42.8% QoQ and 140.7% YoY from ₹4,789.57 crores and ₹2,841.55 crores, respectively. This significant growth in PAT is indicative of strong profitability improvements over both the sequential and annual periods.

Operating Metrics

BPCL's total expenses for Q1FY26 were ₹105,520.19 crores, reflecting a decrease of 4.1% QoQ from ₹110,085.89 crores in Q4FY25, and similarly a 4.1% YoY reduction from ₹110,043.39 crores in Q1FY25. This consistent reduction in expenses indicates effective cost management practices. Earnings per share (EPS) for Q1FY26 was ₹16.00, down by 28.6% from ₹22.40 in Q4FY25, but up by 138.8% from ₹6.70 in Q1FY25. This suggests fluctuations in EPS driven by the changes in net income and possibly the number of outstanding shares. The financial data reflects a period of strong profitability growth despite a slight reduction in total income, supported by effective expense management and favorable tax outcomes.