Bharat Petroleum Corporation Limited (BPCL) has reported a 24% decline in its net profit for the fourth quarter of the financial year 2024-25. The standalone net profit fell to ₹3,214.06 crore, compared to ₹4,224.18 crore in the same period last year. This drop is attributed to losses incurred from selling subsidized domestic cooking gas (LPG) below cost and lower refining margins.
BPCL revealed that it lost ₹3,217.82 crore on domestic LPG sales in the January-March quarter and ₹10,446.38 crore for the entire fiscal year. Despite a recent ₹50 hike in LPG cylinder prices, domestic cooking gas continues to be sold at a loss. The government has also increased excise duty on petrol and diesel by ₹2 per liter to generate additional revenue, which may be used to provide LPG subsidies.
The company’s gross refining margin (GRM) dropped to $6.82 per barrel, down from $14.14 per barrel in the previous fiscal year. Revenue from operations also fell by 4% to ₹1.26 lakh crore in Q4.
BPCL’s board has announced a final dividend of ₹5 per equity share, in addition to the interim dividend paid earlier in the fiscal year.
