State-owned oil marketing company (OMC) Bharat Petroleum Corporation Ltd (BPCL) on Tuesday, April 29, reported a net profit of ₹3,214 crore in the January-March quarter, down 24% from ₹4,224 crore in the same period last year.
BPCL’s revenue from operations declined 4% year-on-year (YoY) to ₹1,26,864.93 crore from ₹1,32,056.56 crore in the same period a year ago.
BPCL reported weak operating performance as its operating profit also known as earnings before interest, tax, depreciation and amortisation (EBITDA) declined 15.5% to ₹7,764.89 crore in the March quarter as against ₹9,184.75 crore in the same period last year.
Its operating profit margin also known as EBITDA margin declined 80 basis points to 6.12% as against 6.96% in the year-ago period.
The company’s board recommended a final dividend of ₹5 per share.
For FY 2024-25, BPCL’s net profit declined 50% to ₹13,275.26 crore from ₹26,673.50 in FY 2023-24.
“The Corporation’s average gross refining margin (GRM) for the year ended March 31, 2025 is $6.82 per barrel. (For FY 2023-24: $14.14 per barrel, this is without including the impact of special additional excise duty and road & infrastructure cess applicable from July 1, 2022),” BPCL said in a regulatory filing. Shares of BPCL closed 0.52% higher at ₹ 311.60 ahead of its earnings announcement. BSE data showed that BPCL shares fell 4.75% in the March quarter, compared to 4.3% in the fourth quarter of FY25.
