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BPCL
Bharat Petroleum Corporation Ltd (BPCL) on Friday reported a 169 per cent jump in its September quarter net profit on the back of a surge in refining margins. Its standalone net profit of Rs 6,442.53 crore in July-September - the second quarter of 2025-26 fiscal year - was 169 per cent higher than Rs 2,397.93 crore earned in the same period last year, according to a stock exchange filing by the company. The company earned USD 10.78 on turning every barrel of crude oil into fuels like petrol and diesel, compared to a gross refining margin of USD 4.41 per barrel in July-September 2024. The revenue from operations was up 3 per cent at Rs 1.21 lakh crore. On operational performance, BPCL said its refineries achieved a throughput of 9.82 million tonnes with a capacity utilisation of 111 per cent in Q2 against 10.28 million tonnes processed in the same period a year back. BPCL registered quarterly domestic sales of 12.67 million tonnes, a growth of 2.26 per cent over 12.39 million tonne
State-owned BPCL has said its crude procurement is based on techno-commercial viability for its refineries and it buys from every geography including Russia. BPCL Chairman and Managing Director Sanjay Khanna said that currently preparation of Detailed Feasibility Report (DFR) is underway for the company's proposed Greenfield Refinery and Petrochemical Complex near Ramayapatnam Port in Nellore district, Andhra Pradesh and obtaining necessary environmental clearances. "We buy oil from every geography and the oil which is most techno-commercially viable for the refinery, not only me (BPCL), every refiner goes for it. So that is the stand, be it Russian oil or any oil for that matter. That is how we go for it. Whichever is giving us the highest value for the company ensures the reliable operations," Khanna told PTI. A senior official of the Department of Petroleum and Natural Gas replying to a query on the crude imports from Russia on Tuesday said those decisions are not taken at the ..