BPCL Q1 results: Net profit climbs 103% YoY to ₹6,124 crore, revenue up over 1%

Its revenue from operations increased 1.17% to ₹1,29,577.89 crore in Q1 FY26 as against ₹1,28,072.8 crore in the same period of the previous fiscal year.

Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 71.94% to ₹9,663 crore in the latest June quarter vs ₹5,620 crore in Q1 FY25. EBITDA margin stood at 7.46% as against 4.39%.

BPCL Q1 standalone results highlights

• Revenue at ₹1,29,577.89 crore, up 1.17% YoY and 2.13% QoQ
• Net profit at ₹6,123.93 crore, up 103.13% YoY and 90.53% QoQ

In Q4 FY24, the company had posted an exceptional loss of ₹1,773.93 crore for the quarter and year ended March 2025.

It earned USD 4.88 on every barrel of crude oil it processed and turned into fuels like petrol and diesel in Q1, compared to USD 7.86 per barrel gross refining margin last year.

The company also had an unpaid LPG subsidy of ₹2,076.2 crore in the quarter.

BPCL and other state-owned fuel retailers like Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL) sell cooking gas LPG at below market price and get reimbursed for the difference as a subsidy from the government.

The subsidy for Q1 has not been paid even though the government has announced a ₹30,000 crore dole for the three companies to cover under-recoveries on LPG last fiscal year and in the current financial year.

BPCL turnover was almost unchanged at ₹1.29 lakh crore when compared to ₹1.28 lakh crore in April-June 2024.

The company processed 10.42 million tonnes of crude oil in Q1 against 10.11 million tonnes of refinery throughput in the same period last year. It sold 13.58 million tonnes of petroleum products in April-June, up from 13.16 million tonnes in Q1 of the last financial year.