The PSU OMC reported revenue of Rs 1,29,615 crore in the quarter under review, up 1.2% from Rs 1,28,106 crore reported in the corresponding quarter of the last financial year.
The PAT was 56% higher sequentially versus Rs 4,392 crore in Q4FY25, while the topline increased 2% against Rs 1,26,916 crore in the January–March quarter of FY25.
The net profit margin in Q1FY26 stood at 5.28% versus 3.46% in Q4FY25 and 2.22% in Q1FY25.
Segment revenue
- Downstream petroleum: Revenue stood at Rs 1,29,578 crore in Q1FY26 versus Rs 1,26,866 crore in Q4FY25 and Rs 1,28,072 crore in Q1FY25.
- Exploration & production of hydrocarbons: Revenue stood at Rs 37 crore in Q1FY26 versus Rs 50 crore in Q4FY25 and Rs 34 crore in Q1FY25.
Expenses
The state-run company reported a 2% decrease in its quarterly expenses at Rs 1,22,583 crore versus Rs 1,25,055 crore in the year-ago period. Expenses were up marginally by 0.4% compared to Rs 1,22,080 crore in Q4FY25. Costs were incurred under heads including ‘cost of material used’, excise duty, finance cost, and employee benefits.
The Average Gross Refining Margin (GRM) of BPCL for the quarter ended June 30, 2025, stood at $4.88 per barrel versus $7.86 per barrel in the April–June quarter of FY25.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
