calender_icon.png 18 July, 2025 | 6:13 PM

BPCL’s Q3 PAT jumps up 37% YoY as crude oil cost falls

23-01-2025 12:00:00 AM

Informist AHMEDABAD

Bharat Petroleum Corp Ltd's net profit for the December quarter jumped up almost 37% from a year ago to Rs 46.5 billion, but was lower than what analysts had estimated. 

The rise in net profit was mainly due to fall in cost of crude oil and lower finance costs, leading to overall drop in its expenditure. Net profit of the state-owned company was up on-year after falling for three successive quarters.

Global crude oil prices fell in the December quarter, bringing down the company's cost of raw materials consumed by 9.6% on year to Rs 508.2 billion. Crude oil is a key raw material used by oil marketing companies and any surge in its price impacts their profitability. During the quarter, the price of Brent crude averaged $74 per barrel, down from $78.8 per barrel in the preceding quarter.

 The oil marketing company was expected to report a 45.1% on-year rise in net profit to Rs 49.3 billion for the December quarter, according to an average of estimates from 13 brokerages. BPCL's revenue for Oct-Dec was Rs 1.3 trillion, down 1.8% on year. The revenue was expected to fall 9.6% on year to Rs 1 trillion.

BPCL's crude oil refinery throughput in Oct-Dec was 9.5 million tonnes, down from 9.9 million tonnes a year ago. The company's market sales during the quarter were higher at 13.4 million tonnes, compared with 12.9 million tonnes a year ago.

Total expenses of the company, including finance costs, fell 3.1% on year to Rs 1.2 trillion in Oct-Dec. Finance costs fell 14.6% to Rs 4.3 billion from Rs 5.0 billion a year ago. The cost of materials consumed fell 9.6% on year to Rs 508.2 billion from Rs 562.1 billion a year ago.

BPCL's net profit for Apr-Dec stood at Rs 100.6 billion, on revenue of Rs 3.7 trillion. A year ago, the company's net profit was Rs 224.5 billion on revenue of INR 3.8 trillion.