BPCL net profit declines 8.3% in Q4 FY25 on margin squeeze

State-run Bharat Petroleum Corporation (BPCL) on Tuesday reported a 8.3 per cent year-on-year growth in its consolidated net profit for Q4 FY25 to around ₹4,392 crore in Q4 FY25 largely on account of a weak refining margins and LPG under recovery.

However, the oil marketing company (OMC) reported a 15.4 per cent growth sequentially in its net profit during the March quarter, largely due to better gross refinery margins (GRMs). BPCL reported a GRM of $9.20 per barrel in Q4 FY25 against $5.60 in Q3 FY25.

The company posted a consolidated total income of around ₹1.28 lakh crore, which is almost flat on a quarter-on-quarter basis, but lower to ₹1.33 lakh crore reported in Q4 FY24.

The CPSUs total expenses during Q4 FY25 was marginally lower at ₹1.22 lakh crore compared to ₹1.23 lakh crore in Q3 FY25 and ₹1.26 lakh crore in Q4 FY24.

In its results filing on the BSE, BPCL said that its average GRM for FY25 was $6.82 per barrel ($14.14 in FY24).

As on March 31, 2025, BPCL had a cumulative net negative buffer (under recovery) of around ₹10,446.38 crore.

Operational metrics

BPCL achieved its highest-ever throughput of 40.51 million tonnes (39.93 mt).

“During the current year, the corporation has achieved the highest-ever market sales of 52.40 mt (51.04 mt). Sales has grown 2.66 per cent,” it said.

During Q4 FY25, the OMC achieved a throughput of 10.58 mt (10.36 mt). Market sales increased to 13.42 mt (13.18 mt), a growth of 1.82 per cent.

Published on April 29, 2025