BPCL Q4 Net Profit Falls 24% to Rs 3,214 Crore; Declares Rs 5 Dividend

Profitability Takes a Hit Amid Lower Revenue and Sequential Earnings Drop

Bharat Petroleum Corporation Limited (BPCL) reported a 24% year-on-year decline in consolidated net profit for the March quarter (Q4FY25), with profits falling to ₹3,214 crore, compared to ₹4,224 crore in the same quarter last fiscal. The state-run energy major also witnessed a 15.5% drop in sequential profit, down from ₹3,805 crore recorded in the December 2024 quarter, indicating pressure on margins and overall profitability in the face of a subdued pricing environment.

Despite the earnings decline, the BPCL board declared a final dividend of ₹5 per share, underscoring its commitment to shareholder returns even amid a challenging quarter. The market responded with cautious optimism as BPCL shares closed 0.3% higher at ₹311 apiece on April 29 on the BSE.

Highlights:

• Net profit fell 24% YoY to ₹3,214 crore; sequentially down 15.5%.

• Final dividend declared at ₹5 per share.

• BPCL shares closed slightly higher on the BSE after results.

Revenue Declines 4% YoY Amid Weak Operating Environment

During Q4FY25, BPCL posted a 4% decline in revenue from operations, with total revenue amounting to ₹1.27 lakh crore, compared to ₹1.32 lakh crore in the year-ago quarter. The decline in topline performance reflects subdued product pricing and lower refining margins during the quarter, despite relatively steady demand across its key product categories.

The revenue dip also coincides with broader industry dynamics in the downstream oil & gas sector, where volatility in crude prices and regulatory constraints have affected profitability for public-sector oil marketing companies.

Highlights:

• Total revenue from operations fell to ₹1.27 lakh crore vs ₹1.32 lakh crore YoY.

• Pressure from soft product pricing and refining margin volatility evident.

Operational Metrics Stable: Refinery Throughput and Market Sales Show Modest Growth

On the operational front, BPCL recorded refinery throughput of 10.58 million metric tonnes (MMT) in Q4FY25, marginally higher than the 10.36 MMT recorded in the same period last year. The steady throughput suggests that plant utilization and operational efficiencies were maintained during the quarter.

In the marketing segment, BPCL’s total market sales rose by 1.82% YoY, reaching 13.42 MMT, up from 13.18 MMT in Q4FY24. Export volumes, however, remained modest at 0.30 MMT during the quarter. The growth in market sales reflects robust domestic demand for fuel products during the January–March 2025 period, although not sufficient to offset the weakness in overall financial performance.

Highlights:

• Refinery throughput grew to 10.58 MMT from 10.36 MMT YoY.

• Domestic market sales rose 1.82% to 13.42 MMT.

• Exports recorded at 0.30 MMT during the quarter.