Shares of Bharat Petroleum Corporation Ltd (BPCL) gained 2.05% on Tuesday to Rs 318.10 after the company’s Q4 FY25 results revealed better-than-expected refining margins. The PSU reported a gross refining margin (GRM) of $9.20 per barrel, beating street expectations and signaling strong operational resilience despite a YoY dip in profit.
BPCL’s consolidated net profit for the March quarter declined 8% YoY to Rs 4,392 crore, while revenue dropped 4% to Rs 1,26,916 crore. However, the company posted a sequential profit growth of 15% from the December quarter. For the full fiscal FY25, net profit fell to Rs 13,275 crore from Rs 26,673 crore last year. GRM also narrowed to $6.82/bbl for FY25 versus $14.14/bbl in FY24.
The company also announced a final dividend of Rs 5 per share for FY25. Analysts at Citi and Jefferies retained their “Buy” ratings on the stock, with revised targets at Rs 390 and Rs 370, respectively, citing structural strength and stable refining spreads.
BPCL has also technically broken out of a 92-day cup-and-handle pattern at Rs 310, and analysts project upside potential toward Rs 386, provided the stock sustains above the Rs 305–310 breakout zone.
At 10:02 AM, BPCL shares were trading at Rs 318.10, up Rs 6.40 from the previous close of Rs 311.70. The company’s market capitalization now stands at Rs 6.88 lakh crore.
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