BPCL profit nearly doubles in FY26 on strong refining margins

Standalone earnings also ballooned 75.54% to INR23,303 crore.

India's Bharat Petroleum Corporation Limited (BPCL) reported a 93.78% rise in consolidated profit after tax (PAT) to INR25,843 crore for the financial year ended 31 March 2026 (FY26), compared with INR13,337 crore in FY25, according to its financial report.

Standalone PAT rose 75.54% to INR23,303 crore from INR13,275 crore in the previous financial year.

Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) increased 57.08% to INR45,601 crore in FY26 from INR29,030 crore a year earlier, whilst standalone EBITDA rose 51% to INR40,582 crore from INR26,735 crore.

Revenue from operations increased 4.46% to INR5,22,820 crore in FY26, compared with INR5,00,517 crore in FY25.

The company recorded refinery throughput of 41.15 million metric tonnes (MMT) in FY26, compared with 40.51 MMT in FY25, with capacity utilisation at 117%.

Total sales reached 55.72 MMT, compared with 54.18 MMT in the previous year.

Domestic market sales rose 3.40% to 54.18 MMT from 52.40 MMT in FY25.

The company reduced its standalone debt-to-equity ratio to 0.11 as of 31 March 2026, from 0.29 a year earlier.

For the fourth quarter (Q4) FY26, BPCL reported revenue from operations of INR1,34,948 crore on a consolidated basis, compared with INR1,26,916 crore in Q4 FY25.

Consolidated EBITDA rose to INR10,574 crore from INR8,797 crore, whilst consolidated net profit increased to INR6,784 crore from INR5,625 crore.

Refinery throughput in Q4 stood at 10.40 MMT with capacity utilisation of 118%, and domestic sales reached 13.86 MMT, compared with 13.42 MMT in Q4 FY25.