BPCL delivered strong financial results for the quarter and nine months ended December 2025. Profit after tax (PAT) for the Oct-Dec 2025 quarter jumped to ₹7,545 Cr from ₹4,649 Cr year-on-year.

For the nine months ending December 2025, PAT significantly increased to ₹20,112 Cr from ₹10,061 Cr in the previous year.

Gross Refining Margin (GRM) saw a substantial improvement, reaching $13.25/bbl in Oct-Dec 2025, up from $5.60/bbl a year ago.

The nine-month GRM also rose to $9.68/bbl from $5.95/bbl.

Operational performance showed growth, with refinery throughput increasing to 10.51 MMT for the quarter and total sales volume rising to 14.45 MMT.

A notable highlight is the significant reduction in debt, which stood at ₹5,293 Cr as of December 2025, down sharply from ₹19,622 Cr in December 2024.