BPCL shares focus as net profit more than doubles in Q1

Bharat Petroleum Corporation Limited (BPCL) shares will likely gain investor attention on Thursday after the company reported a sharp year-on-year (YoY) rise in profitability for the first quarter of the current financial year.

The state-run oil marketing company posted a consolidated net profit of Rs 6,839 crore for the April-June 2025 quarter, marking a 141% increase from Rs 2,842 crore recorded in the same period last year.

The profit after tax (PAT) figure is attributable to the owners of the company.


Revenue for the quarter stood at Rs 1,29,615 crore, reflecting a 1.2% growth over Rs 1,28,106 crore reported in the corresponding quarter of the previous financial year. The marginal increase in revenue came alongside a reduction in total quarterly expenses, which fell 2% to Rs 1,22,583 crore from Rs 1,25,055 crore a year earlier.

Sequentially, expenses were up slightly by 0.4% compared to Rs 1,22,080 crore in the preceding quarter (Q4FY25). BPCL noted that costs during the quarter were recorded under various heads, including cost of material used, excise duty, finance costs, and employee benefits.

In terms of operational performance, BPCL reported an Average Gross Refining Margin (GRM) of $4.88 per barrel for the quarter ended June 30, 2025.

This was lower than the GRM of $7.86 per barrel achieved during the April–June quarter of FY25. GRM is a key profitability metric for refining companies, indicating the difference between the value of petroleum products and the cost of crude oil.

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