Bharat Petroleum Corporation (BPCL) shares surge over 3% ahead of Q4 earnings announcement

Bharat Petroleum Corporation Limited (BPCL) shares surged as much as 3.2% to hit an intraday high of ₹289.80 on Tuesday, May 19, ahead of its earnings announcement later in the day.

The stock was mirroring gains in other state-run oil marketing companies (OMCs) like Indian Oil and Hindustan Petroleum after the country's largest state-run OMC Indian Oil surprised market participants by posting strong March quarter earnings and the OMCs undertook a price hike this morning.

Petrol and diesel prices were hiked by up to 96 paise per litre on Tuesday marking the second increase in less than a week.

In Delhi, petrol prices increased by 87 paise to ₹98.64 per litre, while diesel costs ₹91.58 per litre, up 91 paise.

In Mumbai, petrol retails at ₹107.59 per litre, higher by 91 paise, and diesel rose by 94 paise to ₹94.08 per litre.

Kolkata saw the steepest hike in petrol price at 96 paise to ₹109.70 a litre, while diesel became expensive by 94 paise to ₹96.07 per litre.

In a separate development, Indian Oil reported 78% year-on-year (YoY) growth in its March quarter consolidated net profit for the year ended 2025-26, as per an exchange filing.

The NSE filings showed that Indian Oil’s net profit after tax (attributable to the owners) surged 78% to ₹14,458 crore in the fourth quarter of the financial year ended 2025-26, compared with ₹8,123 crore in the same period a year earlier.

The company’s strong net profit growth comes on the backdrop of a healthy rise in its core revenues for the period. The company’s income from the petroleum products business was the primary contributor to the positive earnings in the March quarter despite supply chain disruptions.

The strong earnings posted by Indian Oil had a rub off effect on other OMCs as analysts expect a similar performance from them.

BPCL Q3 earnings

BPCL in the third quarter of financial year 2025-26 reported a 36.85% year-on-year (YoY) surge in its net profit to ₹4,649.2 crore in the three months ending December 31, 2024. In the corresponding period last year, the net profit stood at ₹3,397.27 crore.

Its revenue from operations slipped 1.86% YoY to ₹1.28 lakh crore in the December quarter, compared to ₹1.30 lakh crore a year ago.

As of 10:32 am, BPCL shares traded 2.58% higher at ₹288, outperforming the NIFTY50 index which was 0.4%.