Bharat Petroleum Corporation Ltd on Friday reported a sharp rise in consolidated net profit for the third quarter of FY26, with profit surging 88.9 per cent year-on-year to ₹7,188 crore, compared with ₹3,806 crore in the corresponding quarter last year.
On a consolidated basis, consolidated revenue from operations rose 7.1 per cent year-on-year to ₹1,36,653 crore in the December quarter, compared with ₹1,27,551 crore in Q3FY25, supported by higher throughput and stable demand.
Total expenses increased 4 per cent year-on-year to ₹1,27,603 crore during the quarter, against ₹1,22,696 crore in the year-ago period, reflecting higher input and operational costs.
BPCL said that during the quarter, the operator of the Mozambique Area 1 project — Total E&P Mozambique Area 1 Limitada — resolved the force majeure that had been in place since April 22, 2021, amid security concerns in the Cabo Delgado province.
In the case of BPCL’s wholly owned subsidiary Bharat PetroResources Limited (BPRL), the company incurred abnormal incremental costs of ₹166 crore related to the prolonged suspension and force majeure period. BPCL clarified that these costs were not integral to bringing the assets into working condition and were accordingly expensed off during the quarter.
The company also declared a second interim dividend of ₹10 per equity share of face value ₹10 each.
The company said the dividend will be paid on or before February 21, 2026.
