BPCL Q1: net profit falls 73% to Rs 28 Bn

22 Jul 2024 CW Team

State-owned oil marketing company (OMC) BPCL reported a consolidated net profit of Rs 28 billion for the April-June quarter (Q1) of FY25, reflecting a 73.2% decrease compared to Rs 106 billion in the corresponding quarter of FY24. Sequentially, BPCL's net profit fell by 40.6% from Rs 478 billion in the preceding quarter.

Revenue from operations in Q1FY25 marginally decreased by 0.1% to Rs 1.28 trillion, while total expenses rose by 8.5% to Rs 1.25 trillion. The reduction in net profit for Q1 was attributed to lower gross marketing margins on petrol and diesel, which decreased to an average of Rs 6.8 per barrel (/bbl) from Rs 9.3/bbl in the preceding quarter, according to a note by Elara Securities.

BPCL's average gross refining margin (GRM) for Q1FY25 was $7.86 per barrel, down from $12.64 in Q1FY24. GRM represents the earnings refiners make from turning each barrel of crude oil into refined fuel products. Market sales for the state refiner during the quarter were 13.16 million metric tonnes (MMT), compared to 12.75 MMT in the corresponding period of FY24, indicating a growth of 3.22%.

BPCL announced that it achieved its highest-ever average ethanol blending percentage of 14.14% during the quarter. The company added 171 new fuel stations in Q1FY25, bringing their network to 22,011 stations. Additionally, BPCL expanded its LPG distributor network by adding five new distributors, reaching a total of 6,255, and increased its customer base to 9.33 crore.

Despite the dip in profits for the latest quarter, BPCL's consolidated annual net profit surged by 1,160% to a record high of Rs 268 billion in FY24, up from Rs 213 billion in FY23. This substantial increase is widely attributed to continuous discounts on an increasing volume of Russian crude supplies.

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..