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Financial

BPCL Q3 Results: ₹7,545 Crore Profit, ₹10 Interim Dividend Announced, Record Date February 2

Bharat Petroleum Corporation Ltd (BPCL) Q3 FY26 results show strong growth. Net profit rises to ₹7,545 crore. Board declares second interim dividend of ₹10 per share. Record date is Feb 2, 2026. Read key financial highlights.
BPCL Q3 Results: ₹7,545 Crore Profit, ₹10 Interim Dividend Announced, Record Date February 2

Mumbai: State-owned oil marketing major Bharat Petroleum Corporation Limited (BPCL) reported a strong financial performance for the third quarter of FY26, posting a standalone net profit of ₹7,545.27 crore for the quarter ended December 31, 2025. Alongside the results, the company’s Board of Directors declared a second interim dividend of ₹10 per equity share for FY 2025–26.

The results and dividend declaration were approved at the Board meeting held in Mumbai on January 23, 2026.

Strong Quarterly and Nine-Month Performance

For the October–December 2025 quarter, BPCL recorded standalone revenue from operations of ₹1.37 lakh crore, compared to ₹1.28 lakh crore in the corresponding quarter last year. Profit before tax for the quarter stood at ₹10,093.99 crore, reflecting improved operating margins and higher refining throughput.

On a nine-month basis (April–December 2025), BPCL reported a standalone net profit of ₹20,111.73 crore, nearly double the ₹10,061.20 crore recorded during the same period last year. Earnings per share for the nine months came in at ₹47.07.

The company’s operating margin improved to 6.84% in Q3 FY26, while net profit margin rose to 5.52%, supported by better refining economics and higher market sales.

Dividend Details and Record Date

The Board declared a second interim dividend of ₹10 per equity share (100%) on shares of face value ₹10 each. The dividend will be paid exclusively through electronic mode on or before February 21, 2026.

BPCL has fixed Monday, February 2, 2026, as the record date to determine shareholders eligible for receiving the interim dividend.

 

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Operational Highlights

BPCL’s operational performance remained robust during the quarter:

  • Refinery throughput: 10.51 million metric tonnes (MMT)

  • Domestic market sales: 14.07 MMT

  • Export sales: 0.38 MMT

  • Domestic sales growth: 4.76%

For the nine-month period, total refinery throughput stood at 30.75 MMT, while domestic market sales reached 40.32 MMT.

The company reported an average gross refining margin (GRM) of $9.68 per barrel for the nine months ended December 2025, significantly higher than $5.95 per barrel in the corresponding period last year.

 

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Consolidated Performance Snapshot

On a consolidated basis, BPCL reported a net profit of ₹7,188.40 crore for Q3 FY26 and ₹20,218.91 crore for the nine months ended December 2025. Consolidated revenue from operations for the nine-month period stood at ₹3.88 lakh crore.

The company’s consolidated net worth increased to ₹98,018.98 crore as of December 31, 2025, reflecting sustained profitability and balance sheet strength.

Auditor Observations

Statutory auditors issued a limited review report with no material misstatements noted in the financial results. However, they flagged non-compliance with SEBI’s requirement on the minimum number of independent directors on the Board during the reporting period. The auditors clarified that this observation does not impact their conclusion on the financial results.

Outlook

With strong refining margins, steady growth in domestic fuel demand, and improved operational efficiencies, BPCL continues to maintain a solid financial trajectory. The interim dividend announcement further reinforces the company’s focus on shareholder returns amid a stable earnings outlook.

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