Bharat Petroleum (BPCL) Q3 25/26 earnings summary

Executive summary

• Consolidated revenue from operations for the quarter ended December 31, 2025, was ₹136,653.12 crore, up from ₹127,550.57 crore in the same quarter last year and ₹121,604.70 crore in the previous quarter.

• Net profit for the quarter was ₹7,188.40 crore, a significant increase from ₹3,805.94 crore in the same quarter last year and ₹6,191.49 crore in the previous quarter.

• Total comprehensive income for the quarter reached ₹7,287.80 crore, compared to ₹2,966.89 crore in the same quarter last year.

Financial highlights

• EBITDA for the quarter (profit before tax, share of profit of equity accounted investees, and income tax) was ₹9,696.22 crore, up from ₹5,462.30 crore year-over-year.

• Basic and diluted EPS for the quarter was ₹16.82, compared to ₹8.91 in the same quarter last year.

• Net profit margin for the quarter was 5.26%, up from 2.98% year-over-year.

• Operating margin for the quarter was 6.77%, compared to 3.75% in the same quarter last year.

Outlook and guidance

• The resolution of Force Majeure in Mozambique is expected to positively impact future interest capitalization and project progress.

• Compensation of ₹7,594 crore for under-recoveries on domestic LPG sales is to be disbursed in 12 monthly installments, supporting future revenue.