Bharat Petroleum Corporation's Q2 FY 2025-26 Quarterly Results

Result Summary

• Bharat Petroleum Corporation Ltd reported a 6.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 2.3%.
• Its expenses for the quarter were down by 7.1% QoQ and 3.0% YoY.
• The net profit decreased 9.5% QoQ and increased 169.5% YoY.
• The earnings per share (EPS) of Bharat Petroleum Corporation Ltd stood at 14.49 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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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 the leading integrated oil and gas companies in India. It operates in various segments including refining, marketing, and distributing petroleum products. The company's primary products include petrol, diesel, and other petrochemicals. BPCL is a government-owned corporation and plays a significant role in India's energy sector, contributing to the country's fuel supply chain. BPCL has a strong presence across the nation with multiple refineries and an extensive network of retail outlets. Recently, the company has been focusing on expanding its reach and improving operational efficiencies. Major developments in the company include advancements in refining technologies and initiatives towards renewable energy projects. However, specific recent developments are not available in this report.

Revenue

BPCL's total income for the second quarter of fiscal year 2026 (Q2FY26) was ₹105,899.04 crores. This represents a quarter-over-quarter (QoQ) decline of 6.5% from ₹113,301.16 crores in the first quarter of fiscal year 2026 (Q1FY26). Year-over-year (YoY) comparison shows a growth of 2.3% from ₹103,482.72 crores in the second quarter of fiscal year 2025 (Q2FY25). The fluctuation in revenue can be attributed to various factors impacting the global and domestic oil markets, as well as internal operational dynamics. The revenue performance is crucial for BPCL as it reflects the company's ability to generate sales from its core operations in the petroleum sector.

Profitability

In terms of profitability, BPCL reported a profit before tax (PBT) of ₹7,756.69 crores for Q2FY26. This marks a slight QoQ increase of 0.6% from ₹7,713.59 crores reported in Q1FY26. When compared to the same quarter last year (Q2FY25), the PBT has surged by 218.2% from ₹2,437.88 crores. After accounting for tax expenses, the profit after tax (PAT) stands at ₹6,191.49 crores, which is a decrease of 9.5% QoQ from ₹6,839.02 crores in Q1FY26, but an increase of 169.5% YoY from ₹2,297.23 crores in Q2FY25. The earnings per share (EPS) for Q2FY26 is ₹14.49, reflecting the same QoQ decline of 9.5% and a YoY increase of 169.3%. These figures indicate how BPCL's profitability has evolved over the year and compared to the previous quarter.

Operating Metrics

The total expenses for BPCL in Q2FY26 were ₹97,976.48 crores, showing a reduction of 7.1% QoQ from ₹105,520.19 crores in Q1FY26. On a YoY basis, total expenses have decreased by 3.0% from ₹100,969.52 crores in Q2FY25. This decline in expenses suggests efforts towards cost management and operational efficiency. The tax expense for Q2FY26 is ₹2,153.10 crores, which is an increase of 5.9% QoQ from ₹2,032.67 crores in Q1FY26 and an increase of 170.3% YoY from ₹796.44 crores in Q2FY25. These operating metrics provide insight into BPCL's cost structure and tax obligations, which are critical for understanding the company's operational efficiency and financial health.