BPCL share price tumbles 26% in 1 month; company's latest update that shareholders need to know

Data show that the stock has slipped nearly 26% in 1 month, over 14% in six months, and 26% year-to-date (YTD) as of Tuesday, March 24's, closing level on the NSE.

The operating environment has changed sharply in a few months as BPCL, the state-owned oil marketing company (OMC), reported a 62% rise in its third-quarter net profit (Q3 FY26) on the back of higher refining margins arising from softening international oil prices.

Its standalone net profit came in at ₹7,545.27 crore in October-December 2025 – the third quarter of the 2025-26 fiscal year – as against the ₹4,649.20 crore profit logged in the corresponding quarter of the previous fiscal year, according to a company statement.

Without giving the number for Q3, BPCL said it earned $9.68 for every barrel of crude oil turned into fuel so far in the current fiscal, up from a $5.95 per barrel gross refining margin in the same period last year.

"This exceptional growth reflects the company's strategic focus on operational excellence, marketing efficiency, and strong sales momentum," the firm said.

Its revenue increased 7% to ₹1.36 lakh crore.

BPCL declared an interim dividend of ₹10 per share, bringing the total interim dividend for FY 2025-26 to ₹17.5 per share on the face value of ₹10 per share.

BPCL: Latest news

On March 24, NeuEN Green Energy Pvt. Ltd, a 50:50 joint venture between Bharat Petroleum Corporation Limited and Sembcorp Green Hydrogen India Private Ltd, secured a contract to supply 10,000 tonnes per annum (10KTPA) of green hydrogen to Numaligarh Refinery Ltd (NRL).

Under the contract, NeuEN will develop a green hydrogen production facility at NRL's refinery in Assam, supported by a long-term offtake arrangement, according to a company statement.

The project is expected to begin commercial operations in 2028 and will integrate renewable energy with advanced storage solutions to enable reliable, round-the-clock operations to support refinery decarbonisation.

Commenting on the development, Sanjay Khanna, Chairman & Managing Director, Bharat Petroleum Corporation Limited (BPCL), said, "This project marks a significant milestone in BPCL's journey towards building a future-ready and resilient energy portfolio. Through NeuEN, we are strengthening our presence across the green hydrogen value chain and progressing towards becoming a supplier of clean energy solutions."

Securing this project through a competitive bidding process reflects both the evolving maturity of the green hydrogen sector and the focus on developing scalable, market-aligned solutions.

"As we move forward, our emphasis will remain on building robust execution capabilities and contributing meaningfully to industrial decarbonisation and India's long-term energy security," he said.

What the Sembcorp key official said

Vipul Tuli, President & CEO, Renewables, West, and CEO, Hydrogen Business, Sembcorp, said, "This award marks a significant step forward in advancing India's green hydrogen ambitions and aligns closely with Sembcorp's strategy to enable a lower-carbon energy future."

The landmark tariff achieved demonstrates the importance of well-structured long-term offtake contracts. We are pleased to support NRL in its decarbonisation goals and, together with BPCL, deliver a project of national importance," Tuli added.