Bharat Petroleum (BPCL) Q4 24/25 earnings summary

Executive summary

• Standalone net profit for FY25 was ₹13,275.26 crore, with highest ever market sales of 52.4 MMT and refinery utilization at 115%.

• Global growth projections revised downward to 2.8% for 2025, but India expected to remain fastest-growing major economy with GDP growth of 6.2%-6.5% in FY 2025/2026.

• Major investments underway in refining, petrochemicals, gas, and green energy, with a capex plan of INR 1.7 lakh Cr.

• Strategic focus on net-zero by 2040, digital transformation, and expanding green energy and petrochemicals portfolio.

• Audited standalone and consolidated financial results for the quarter and year ended 31 March 2025 were approved, with unmodified audit opinions issued by statutory auditors.

Financial highlights

• Standalone revenue from operations for FY25 was ₹5,00,371.25 crore; consolidated revenue at ₹5,00,517.48 crore.

• Standalone net profit for FY25 was ₹13,275.26 crore; consolidated net profit was ₹13,336.55 crore.

• Standalone EBITDA at INR 29,000 Cr and PAT at INR 13,000 Cr for FY25.

• Standalone net worth as of March 31, 2025, is INR 80,960 crore; consolidated net worth at INR 81,000 crore.

• Final dividend of ₹5 per share declared, in addition to interim dividend of ₹5 per share.

Outlook and guidance

• Targeting 3x gas footprint and 3.2 MMTPA petrochemicals capacity by FY29.

• Aiming for 10 GW renewable energy by 2035 and 30 KTPA green hydrogen by 2030.

• CapEx guidance: INR 20,000 crore for FY 2026, rising to INR 25,000 crore in FY 2027 and INR 30,000 crore in the following year.

• Committed to net-zero Scope 1 & 2 emissions by 2040; major green energy and digital initiatives underway.

• No significant pressure on incremental borrowings anticipated, with cash flows expected to cover CapEx.