BPCL Q1 internet revenue greater than doubles on bumper retail gasoline margin

Bharat Petroleum Corporation Ltd (BPCL) on Wednesday reported greater than doubling of its first quarter internet revenue, as advertising margins surged due to holding retail costs regardless of a drop in enter oil value.

Its consolidated internet revenue of ₹6,839.02 crore in April-June — the primary quarter of the 2025-26 fiscal 12 months — in comparison with ₹2,841.55 crore earnings in the identical interval of the final 12 months, in accordance with a inventory change submitting by the corporate.

The first quarter revenue is a document for BPCL and is greater than half of the total 2024-25 (April 2024 to March 2025) fiscal 12 months earnings. It had reported a internet revenue of ₹13,336.55 crore in FY25.

The revenue surge was regardless of stock losses arising from promoting merchandise at charges decrease than the worth at which enter crude oil was purchased at, decrease refining margins and unpaid LPG subsidy.

The incomes enhance got here from holding retail petrol and diesel costs regardless of a fall of their benchmark worldwide charges. This led to a margin enhance.

BPCL’s pre-tax revenue from the downstream petroleum enterprise (principally gasoline retailing) surged to ₹80.60.47 crore in April-June from ₹3,858.90 crore final 12 months.

It earned $4.88 on each barrel of crude oil it processed and changed into fuels like petrol and diesel in Q1, in comparison with $7.86 per barrel gross refining margin final 12 months.

The firm additionally had an unpaid LPG subsidy of ₹2076.2 crore within the quarter.

BPCL and different state-owned gasoline retailers like Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL) promote cooking fuel LPG at under market value and get reimbursed for the distinction as a subsidy from the federal government.

The subsidy for Q1 has not been paid though the federal government has introduced ₹30,000 crore dole for the three corporations to cowl under-recoveries on LPG final fiscal and within the present monetary 12 months.

BPCL turnover was nearly unchanged at ₹1.29 lakh crore when in comparison with ₹1.28 lakh crore in April-June 2024.

The firm processed 10.42 million tonnes of crude oil in Q1 towards 10.11 million tonnes of refinery throughput in the identical interval final 12 months. It offered 13.58 million tonnes of petroleum merchandise in April-June, up from 13.16 million tonnes in Q1 of the final monetary 12 months.