BPCL Q3FY26 consolidated net profit surges 89% on improved refining margins

BPCL registers 88.8% increase in its consolidated net profit for the quarter ended December

State-run Bharat Petroleum Corp on Friday registered a 88.8% increase in its consolidated net profit for the quarter ended December at Rs 7,188.4 crore against Rs 3,805.9 crore in the same period of last fiscal on the back of improved refining margins.

The company’s revenue from operations stood at Rs 1.36 lakh crore, up 7% from Rs 1.27 lakh crore in Q3FY25.

BPCL reported a total income of Rs 1.37 lakh crore in  the third quarter of this fiscal, up 7% from the previous fiscal.

The average gross refining margin (GRM) of the company during April- December of FY26 stood at $9.68 per barrel against $5.95 per barrel during the same period of last fiscal.

The board of the company has declared a second interim dividend of Rs 10/- per equity share.

On a sequential basis, the net profit increased by 16% from Rs 6,191.49 crore in Q2FY26.

The company’s operating margin increased to 6.77% during the third quarter of FY26 compared with 3.75% in the same period a year ago.

The company’s consolidated domestic market sales grew by 5% to 14.07  million tonnes in Q3FY26 from 13.43 million tonnes in Q3FY25.

Refinery throughput also increased to 10.51  million tonnes during the period from 9.54 million tonnes in Q3FY25.