BPCL Q4 Results: Net Profit Falls 8.3% to ₹4,391.83 Cr and Final Dividend Declared Amid Margin Pressure
Business and Industry Overview:
Bharat Petroleum Corporation Limited (BPCL) is a big Indian company in the oil and gas industry. It started in 1976 after the nationalization of Burmah-Shell. BPCL is based in Mumbai. The company works in many areas like refining, selling fuel, lubricants, aviation fuel, and natural gas. BPCL has three main refineries in Mumbai, Kochi, and Bina, with a total capacity of more than 40 million metric tonnes per year. It also has over 20,000 fuel stations across India. The company sells lubricants under the MAK brand. BPCL is working on expanding its refining and petrochemical plants to meet India’s growing energy needs. The company plans to spend ₹1.7 trillion in the next 5-7 years. This will include building a new refinery and growing its petrochemical plants. BPCL also aims to reduce its carbon emissions and become net-zero by 2040. The company plans to invest ₹1 trillion in renewable energy and green technologies by 2035. BPCL is one of the largest government-run companies in India. It ranked 309th on the Fortune Global 500 list in 2020. BPCL employs around 34,000 people, making it a key player in India’s energy sector.
Latest Stock News:
Bharat Petroleum Corporation Limited (BPCL) shared its financial results for the fourth quarter of FY25. The company’s profit was ₹3,214 crore, which is 24% less than last year. This happened because the company made less money from refining oil. BPCL turns crude oil into products like petrol and diesel, and this business earned less money this time. The amount BPCL made from refining each barrel of oil dropped from $14.14 per barrel last year to $6.82 per barrel this year. BPCL’s total revenue for the quarter also dropped by 4%, reaching ₹1.27 lakh crore. This is because people bought less fuel, and the refining business did not perform as well. Even though the company made less money, BPCL decided to give ₹5 per share as a dividend to its investors. This is a way of sharing some of the profits with people who own shares in the company. After the results were shared, BPCL’s stock price went up by 2%, which was better than the overall market. This happened because the price of crude oil went down, helping BPCL reduce its costs. BPCL is also planning to invest in clean energy and green hydrogen, which could help the company grow in the future. Investors are watching these plans closely, as they may help BPCL make money in the long term.
Segmental information:
1. Refining: BPCL has three big refineries in Mumbai, Kochi, and Bina. These refineries turn crude oil into useful products like petrol, diesel, and LPG. Together, they can process over 35 million tonnes of oil every year. This part of BPCL’s business did well in FY2022-23 because there was more demand for these products.
2. Retail Marketing: BPCL runs more than 19,000 petrol stations all over India. These stations sell petrol, diesel, and LPG. This business brings in a lot of money for BPCL, about ₹44,000 crore in FY2022-23.
3. Natural Gas (City Gas Distribution): BPCL works with partners to provide natural gas to homes and businesses. It operates in 52 areas, with 26 of them directly managed by BPCL. The company also runs over 2,120 CNG (Compressed Natural Gas) outlets and plans to expand in this area.
4. Exploration & Production (E&P): BPCL’s subsidiary, Bharat PetroResources, looks for and produces oil and gas in countries like Russia, UAE, Mozambique, and Brazil. In FY2024, BPCL produced 1.78 million tonnes of oil and 0.85 billion cubic meters of gas from its international projects.
5. Renewable Energy & Sustainability: BPCL is also focusing on renewable energy. It plans to spend ₹1 trillion on clean energy projects like wind, solar, and hydrogen. BPCL aims to have 2 GW of renewable energy by 2025 and 10 GW by 2035. It wants to become carbon-neutral by 2040.
Subsidiary information:
- Bharat PetroResources Limited (BPRL)
- Petronet LNG Limited (PLL)
- Indraprastha Gas Limited (IGL)
- City Gas Distribution (CGD) Joint Ventures
- Sabarmati Gas Limited (SGL)
- Central UP Gas Limited (CUGL)
- Maharashtra Natural Gas Limited (MNGL)
- Haridwar Natural Gas Private Limited (HNGPL)
- Goa Natural Gas Private Limited (GNGPL)
- Aviation Fuel and Services
- Bharat Stars Services Private Limited (BSSPL)
- Delhi Aviation Fuel Facility Private Limited (DAFFPL)
- Mumbai Aviation Fuel Farm Facility Private Limited (MAFFFL)
Q4 Highlights:
- Net Profit: ₹4,392 crore, which is 8% lower than ₹4,790 crore in the same quarter last year. This was because of lower refining margins and losses from selling LPG below cost.
- Profit Growth: The profit increased by 15% from ₹3,806 crore in the previous quarter due to better refining and marketing margins.
- Revenue: ₹1,26,916 crore, a 4% decrease from ₹1,32,087 crore in the same quarter last year.
- Gross Refining Margin (GRM): It improved to $9.20 per barrel in Q4 FY25, compared to $5.60 per barrel in the previous quarter.
- Crude Oil Processed: BPCL processed 10.58 million metric tonnes (MMT) of crude oil, slightly more than 10.36 MMT last year.
- Market Sales: Sales grew by 1.82% to 13.42 MMT in Q4 FY25, compared to 13.18 MMT in Q4 FY24.
Financial Summary:
| Amount in ₹ Crore | Q4 FY24 | Q4 FY25 | FY24 | FY25 |
| Revenue | 116,555 | 111,230 | 448,083 | 440,272 |
| Expenses | 107,600 | 103,494 | 404,001 | 414,870 |
| EBITDA | 8,955 | 7,737 | 44,082 | 25,401 |
| OPM | 8% | 7% | 10% | 6% |
| Other Income | 403 | 1,061 | 3,032 | 3,629 |
| Net Profit | 4,790.00 | 4,392 | 26,859 | 13,337 |
| NPM | 4.11 | 3.95 | 5.99 | 3.03 |
| EPS | 11.04 | 10.12 | 61.91 | 30.74 |