Bharat Petroleum (BPCL) shares rise over 2.5% after strong September quarter earnings; check key numbers

Shares of Bharat Petroleum Corporation Limited (BPCL) rose as much as 2.55% to hit an intraday high of ₹365.90 on the National Stock Exchange after the state-run oil refiner on Friday post market hours reported strong September quarter earnings.

On the BSE, BPCL shares surged to an intraday high of ₹365.90.

BPCL reported a net profit of ₹6,442.53 crore in the second quarter of current financial year, marking an increase of 169% from ₹2,397 crore in the same period last year. The sharp jump in profit in September quarter came on the back of stable crude oil prices during the quarter, analysts noted.

Crude oil price averaged around $65.74 per barrel, analysts added.

BPCL's revenue from operations advanced 3.1% to ₹1.22 lakh crore in July-September period from ₹1.18 lakh crore in the year-ago period.

The company reported strong operational performance as its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also known as operating profit jumped 116% to ₹9,777 crore and its EBITDA margin expanded by 420 basis points to 8.04%.

BPCL's gross refining margin (GRM) or how much the company earned by refining a barrel of crude oil for the first six months of current financial year improved to $7.77 per barrel from $6.12 per barrel in the same period last year.

The company's board of directors declared an interim dividend of ₹7.5 per share.

"The Board of Directors at its meeting held on 31st October 2025 has declared an Interim Dividend of ₹7.5/- per equity share of face value ₹10/- each i.e. 75% for the financial year 2025-26. It may kindly be noted that the above dividend would be paid only through electronic mode on or before 29th November 2025," BPCL said in a regulatory filing.

The company has fixed November 7 as the record date to determine the eligibility of the shareholders to receive the interim dividend.

As of 12:09 pm, BPCL shares traded 2.07% higher at ₹364.20, outperforming the NIFTY Next 50 index which was up 0.6%.