BPCL share price: BPCL shares in red as it reports strong Q3 earnings with robust performance
The shares of Bharat Petroleum Corporation Limited (BPCL) were trading at ₹270.05 down by ₹1.20 or 0.44 per cent on the NSE today at 12.15 pm.
Bharat Petroleum Corporation Limited (BPCL) announced its financial results for the third quarter of 2024-25, demonstrating solid financial performance. The state-owned oil marketing company reported a profit before tax of ₹6,176 crores for the October-December 2024 quarter, a significant increase from ₹4,580 crores in the same period last year.
The company’s net profit after tax jumped to ₹4,649 crores, compared to ₹3,397 crores in the corresponding quarter of the previous fiscal year. BPCL maintained strong operational metrics, with total petroleum product sales reaching 13.69 million metric tonnes, up from 13.20 million metric tonnes in the same quarter last year. The domestic sales remained robust, with key products like High-Speed Diesel (HSD) and Motor Spirit (MS) showing notable volumes.
The company’s refining margins (Gross Refining Margin or GRM) showed variation across different refineries, with the Bina Refinery performing particularly well at US $7.78 per barrel. The overall refinery throughput stood at 9.54 million metric tonnes, with a high distillate yield of 84.86 per cent. BPCL also managed its debt position effectively, with total debt (excluding IND AS 116 liabilities) at ₹19,622 crores as of December 31, 2024.
