Bharat Petroleum Corporation Ltd. (BPCL), a Fortune Global 500 entity and a newly anointed Maharatna company, has once again demonstrated remarkable financial acumen and operational excellence in its Q2 and H1 results for FY 2026. The company’s robust performance is reflected in its surging Profit After Tax (PAT) figures and significant gains in operational metrics such as refinery throughput and gross refining margins.
In Q2 FY26 alone, BPCL’s standalone revenue soared to ₹1,21,570.90 crore, a 3.10% increase from ₹1,17,917 crore in Q2 FY25. This uptick in revenue is a testament to the company’s strategic positioning and operational efficiency. The real highlight, however, was the PAT, which skyrocketed by 168.75%, underscoring the company’s profitability and growth trajectory.
Throughout the first half of FY26, BPCL continued to build on its strengths. The company achieved a refinery throughput of 20.24 MMT at a capacity utilization rate of 115%. This operational prowess was complemented by a 2.74% growth in domestic market sales, which stood at 26.25 MMT. Furthermore, the gross refining margin (GRM) for H1 FY26 was reported at a solid $7.77 per barrel, compared to $6.12 per barrel during the same period last year, indicating efficient refining operations and favorable market conditions.
Financially, the first half of FY26 was just as impressive, with consolidated revenue reaching ₹2,51,219 crore, a modest increase from ₹2,46,055 crore in H1 FY25. More notably, the EBITDA and Net Profit metrics have shown outstanding improvements, with EBITDA climbing by 85.25% and Net Profit by 153.57% on a consolidated basis. Such figures not only reflect BPCL’s ability to maintain a strong market presence but also its capability to enhance shareholder value effectively.
BPCL’s strategic initiatives extend beyond financial and operational metrics. The company is deeply invested in sustainable practices and community engagement. It is paving the way towards becoming a Net Zero Energy Company by 2040, focusing on reducing Scope 1 and Scope 2 emissions. Additionally, BPCL’s involvement in community development and social projects highlights its commitment to corporate social responsibility.
Moreover, BPCL’s infrastructure development continues to expand, with over 23,500+ fuel stations and significant numbers of LPG distributorships and aviation service stations. The company also supports the establishment of electric vehicle charging stations across its network, further aligning with global energy transition trends.
In conclusion, BPCL’s performance in Q2 and H1 FY26 is a clear indicator of its leadership and vision in the energy sector. Through strategic focus on operational excellence, financial health, and sustainable practices, BPCL is not just energizing vehicles and industries but also the lives of millions, staying true to its core purpose and setting benchmarks in the global energy landscape.
