Bharat Petroleum Corporation Limited (BPCL) has announced robust unaudited financial results for Q2 FY26, reflecting significant growth in profitability and operational efficiency. The company reported a strong rise in profit after tax (PAT) and refining margins during the quarter ended September 30, 2025.
For the quarter ended September 30, 2025, BPCL recorded a profit before tax (PBT) of ₹8,596 crore, compared to ₹3,194 crore in Q2 FY25. Profit after tax (PAT) surged to ₹6,443 crore from ₹2,397 crore in the same period last year.
The improvement was driven by strong refining performance and better marketing inventory gains. For the half year ended September 2025, PBT stood at ₹16,752 crore and PAT at ₹12,566 crore, more than double the previous year’s figures of ₹7,226 crore and ₹5,412 crore, respectively.
BPCL’s refining operations delivered a gross refining margin (GRM) of $10.78 per barrel in Q2 FY26, compared to $4.41 per barrel in Q2 FY25. The company’s Mumbai Refinery achieved a GRM of $9.03 per barrel, Kochi Refinery reported $10.85 per barrel, and Bina Refinery recorded $15.93 per barrel, reflecting operational excellence across units. The overall distillate yield stood at 85.12% with a crude slate comprising 75% high sulphur crude.
As of September 30, 2025, BPCL’s debt position (excluding IND AS 116 liabilities) was ₹12,262 crore, significantly lower than ₹21,529 crore a year earlier. The company’s interest expenditure during April-September 2025 was ₹794 crore, while interest income stood at ₹850 crore, reflecting efficient treasury management. BPCL continues to hold oil bonds worth ₹3,590 crore, including government stock.
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In the domestic market, BPCL sold 12.67 MMT of petroleum products during Q2 FY26, up from 12.39 MMT in Q2 FY25. LPG sales rose to 2.35 MMT, motor spirit (MS) reached 2.79 MMT, and high-speed diesel (HSD) was 5.16 MMT. Total sales, including exports, were 13.03 MMT for the quarter. The company’s refining throughput stood at 9.82 MMT in Q2 FY26, maintaining stable production levels across its Mumbai, Kochi, and Bina refineries.
On October 31, 2025, Bharat Petroleum Corporation share price opened at ₹358.00 on NSE, above the previous close of ₹357.60. During the day, it surged to ₹360.55 and dipped to ₹355.10. The stock is closed at ₹356.80 as of 12:00 AM. The stock registered a marginal change of -0.22%.
Over the past week, it has moved up by 4.02%, over the past month, it has moved up by 5.03%, and over the past 3 months, it has moved up by 8.35%.
BPCL delivered strong Q2 FY26 results, reflecting improved profitability, efficient cost management, and sustained operational strength. With healthy refining margins and growing domestic sales, the company continues to reinforce its leadership in India’s energy sector.
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Published on: Nov 1, 2025, 10:57 AM IST
Team Angel One
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