BPCL second-quarter profit falls 22% as fuel price freeze weighs on EBITDA
Bharat Petroleum's standalone net profit fell 22.5% in July–September to 4,993 crore, according to the company, despite higher refining margins.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
State-owned Bharat Petroleum Corporation (BPCL) reported a 22.5% drop in net profit for the September quarter. The company blamed a retail fuel price freeze, which weighed on earnings even as costs rose. Standalone net profit came in at 4,993 crore, against 6,443 crore a year earlier, and EBITDA fell almost 14% to 9,437 crore.
Gross refining margin improved to $32.53 a barrel from $10.78 a year earlier. That gain was offset by a 330 crore marketing inventory loss and a 397 crore forex loss. On a consolidated basis, revenue rose 29.8%, while net profit dropped 21.5%.
BPCL also announced plans for a 10 million tonne per year greenfield refinery and petrochemical complex at Ramayapatnam in Andhra Pradesh. The investment size and construction timeline were not disclosed.
why it matters
The key market signal is the gap between revenue growth and falling profit. While retail prices stay frozen, stronger refining margins do not translate into earnings for Indian fuel retailers.
market impact
Indian fuel retailers: the frozen retail prices pressure profit despite stronger refining margins
tags
instruments
sources
- BPCL Q2 profit falls 22% as EBITDA slips on fuel price freeze — Moody's, 24 October 2026 at 11:34 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗