Bharat Petroleum (BPCL) Q2 25/26 earnings summary

Executive summary

• Unaudited financial results for the quarter and half year ended 30th September 2025 were approved by the Board on 31st October 2025.

• Interim dividend of ₹7.5 per equity share (75% of face value) declared for FY 2025-26, with record date set as 7th November 2025.

Financial highlights

• Standalone revenue from operations for Q2 FY26 was ₹1,21,570.90 crore, up from ₹1,17,917.43 crore in Q2 FY25; half-year revenue was ₹2,51,148.79 crore.

• Standalone net profit for Q2 FY26 was ₹6,442.53 crore, compared to ₹2,397.23 crore in Q2 FY25; half-year net profit was ₹12,566.46 crore.

• Consolidated revenue from operations for Q2 FY26 was ₹1,21,604.70 crore; half-year consolidated revenue was ₹2,51,219.39 crore.

• Consolidated net profit for Q2 FY26 was ₹6,191.49 crore, up from ₹2,297.23 crore in Q2 FY25; half-year consolidated net profit was ₹13,030.51 crore.

• Average Gross Refining Margin (GRM) for H1 FY26 was $7.77/bbl, up from $6.12/bbl in H1 FY25.

Outlook and guidance

• Compensation of ₹7,594 crore to be received from the government for LPG under-recoveries, to be accrued monthly from November 2025.