Expression file picture. | Photograph credit score: Reuters
Bharat Petroleum Company Ltd (BPCL) on Wednesday reported greater than double its first quarter web revenue as advertising and marketing margins surged regardless of decrease oil enter prices.
In line with a inventory trade submitting by the corporate, consolidated web revenue for April to June was 6,839.02 crore (first quarter of 2025-26) in comparison with income of two,841.55 crores from the identical interval final yr.
First quarter income are BPCL data, greater than half of the 2024-25 fiscal yr (April 2024-March 2025). In fiscal 2013, the web revenue was reported at 13,336.55 crore.
The surge in income was regardless of inventory losses, decrease refinement margins and unpaid LPG subsidies arising from enter crude promoting merchandise at a decrease payment than the value bought.
Income got here from retaining retail gasoline and diesel costs regardless of a decline in benchmark worldwide charges. This induced a margin increase.
BPCL’s pre-tax revenue from the downstream oil enterprise (mainly gas retail) rose sharply from April to June to 80.60.47 crore from final yr.
It gained $4.88 on each barrel of processed crude oil, making it a gasoline and diesel-like gas within the first quarter, in comparison with final yr’s $7.86 per barrel gloss refinement margin.
The corporate additionally had an impressive LPG grant of 2076.2 crores within the quarter.
BPCL and different state-owned gas retailers, similar to Indian Oil Company (IOC) and Hindustan Petroleum Company Ltd (HPCL), promote cooked gasoline LPG at market costs and refund the variations as authorities subsidies.
The primary quarter subsidies haven’t been paid regardless of the federal government introduced a doll of 30,000 crores to cowl insufficient collections for the three corporations final fiscal yr and the present fiscal yr.
BPCL gross sales had been barely modified at Rs 1.29 trillion in comparison with Rs 1.28 crore between April-June 2024.
The corporate processed 102 million tonnes of crude oil within the first quarter, in comparison with 111 million tonnes of refinery throughput on the similar time final yr. From April to June, we bought 13.58 million tons of petroleum merchandise, from 13.16 million tons within the first quarter of final yr.
