BPCL Q1 web revenue greater than doubles on bumper retail gasoline margin

Bharat Petroleum Company Ltd (BPCL) on Wednesday reported greater than doubling of its first quarter web revenue, as advertising and marketing margins surged due to holding retail costs regardless of a drop in enter oil price.

Its consolidated web revenue of ₹6,839.02 crore in April-June — the primary quarter of the 2025-26 fiscal 12 months — in comparison with ₹2,841.55 crore earnings in the identical interval of the final 12 months, in response to a inventory trade submitting by the corporate.

The primary quarter revenue is a report for BPCL and is greater than half of the complete 2024-25 (April 2024 to March 2025) fiscal 12 months earnings. It had reported a web revenue of ₹13,336.55 crore in FY25.

The revenue surge was regardless of stock losses arising from promoting merchandise at charges decrease than the value at which enter crude oil was purchased at, decrease refining margins and unpaid LPG subsidy.

The incomes enhance got here from holding retail petrol and diesel costs regardless of a fall of their benchmark worldwide charges. This led to a margin enhance.

BPCL’s pre-tax revenue from the downstream petroleum enterprise (principally gasoline retailing) surged to ₹80.60.47 crore in April-June from ₹3,858.90 crore final 12 months.

It earned $4.88 on each barrel of crude oil it processed and become fuels like petrol and diesel in Q1, in comparison with $7.86 per barrel gross refining margin final 12 months.

The corporate additionally had an unpaid LPG subsidy of ₹2076.2 crore within the quarter.

BPCL and different state-owned gasoline retailers like Indian Oil Company (IOC) and Hindustan Petroleum Company Ltd (HPCL) promote cooking gasoline LPG at under market value and get reimbursed for the distinction as a subsidy from the federal government.

The subsidy for Q1 has not been paid though the federal government has introduced ₹30,000 crore dole for the three firms to cowl under-recoveries on LPG final fiscal and within the present monetary 12 months.

BPCL turnover was nearly unchanged at ₹1.29 lakh crore when in comparison with ₹1.28 lakh crore in April-June 2024.

The corporate processed 10.42 million tonnes of crude oil in Q1 in opposition to 10.11 million tonnes of refinery throughput in the identical interval final 12 months. It bought 13.58 million tonnes of petroleum merchandise in April-June, up from 13.16 million tonnes in Q1 of the final monetary 12 months.