The company’s revenue from operations rose 3% YoY to Rs 1,21,605 crore, up from Rs 1,17,949 crore in Q2FY25. However, on a sequential basis, revenue declined 6% from Rs 1,29,614 crore in Q1FY26.
Net profit also saw a 9% sequential drop from Rs 6,839 crore reported in the June quarter.
BPCL’s board of directors declared an interim dividend of Rs 7.5 per equity share for FY26, with a record date set for November 7, 2025. The dividend will be paid to eligible shareholders on or before November 29, 2025.
Expenses during the quarter were curtailed on both YoY and QoQ bases. Total expenses stood at Rs 1,14,635 crore in Q2FY26, down from Rs 1,16,133 crore in the year-ago quarter and Rs 1,22,583 crore in the preceding quarter.
These costs include materials consumed, purchase of stock-in-trade, excise duty, employee benefits, and finance expenses.BPCL’s average Gross Refining Margin (GRM) for the half-year ended September 30, 2025, came in at $7.77 per barrel.Additionally, the company received approval from the Ministry of Petroleum and Natural Gas (MoPNG) for a compensation of Rs 7,594 crore to offset under-recoveries on domestic LPG sales up to March 31, 2025, and for expected losses through March 2026. The compensation will be disbursed in 12 equal monthly instalments starting in November 2025.
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On a standalone basis, BPCL reported a PAT of Rs 6,443 crore in Q2FY26, up 169% YoY, and a 5.2% sequential increase. Standalone revenue stood at Rs 1,21,571 crore, 3% higher than Rs 1,17,917 crore reported in Q2FY25, but down 6% from the previous quarter. The robust quarterly performance, backed by improved refining margins and controlled expenses, is likely to drive investor attention as trading resumes post-weekend.
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