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

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

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.     

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.     

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?