Parent · listed
Bharat Petroleum Corporation · BPCL
Maharatna downstream OMC. Three refineries (Mumbai, Kochi, Bina) totalling 35.3 MMTPA; 21,400+ retail outlets.
NSE last
₹ 313.00
2026-04-27
Latest FY revenue
₹4,38,738 Cr
FY2025 · YoY -1.8%
Net margin
3.04%
EBITDA margin 6.61%
Net profit
₹13,337 Cr
EBITDA ₹28,994 Cr
Shareholding (Q3 FY26)
- Promoter
- 53.0%
- FII
- 13.5%
- DII
- 18.3%
- Other public
- 15.2%
Strategic disinvestment withdrawn May 2022 — remains central-PSU.
Revenue – ₹ crore, five-year history
Net margin – percent of revenue
Annual line items
| FY end | Revenue | Op. income | EBITDA | Net income | Net margin | EBITDA margin |
|---|---|---|---|---|---|---|
| FY2025 | ₹4,38,738 Cr | ₹18,744 Cr | ₹28,994 Cr | ₹13,337 Cr | 3.04% | 6.61% |
| FY2024 | ₹4,46,666 Cr | ₹37,674 Cr | ₹47,066 Cr | ₹26,859 Cr | 6.01% | 10.54% |
| FY2023 | ₹4,66,258 Cr | ₹7,423 Cr | ₹13,120 Cr | ₹2,131 Cr | 0.46% | 2.81% |
| FY2022 | ₹3,45,596 Cr | ₹14,778 Cr | ₹23,802 Cr | ₹11,682 Cr | 3.38% | 6.89% |
Major assets
- Mumbai (Mahul) refinery — 12 MMTPA
- Kochi refinery — 15.5 MMTPA (largest single BPCL unit)
- Bina (BORL) — 7.8 MMTPA, full BPCL ownership since 2021
- 21,400+ retail outlets (24.6% national share)
- Kochi–Karur and Mumbai–Pune–Solapur pipelines
- Bharat PetroResources (E&P arm) — Mozambique Area 1 stake
Operations snapshot
- Refining capacity
- 35.3 MMTPA
- Retail outlets
- 21,400+
- LPG customers
- ~95 million
- Market share (retail)
- 24.6%
- CGD GAs (via JVs)
- 25
Major projects
Under construction
Bina refinery expansion 7.8 → 11 MMTPA + petrochem
₹49,000 Cr
target FY29
Under construction
Kochi petrochemical complex Phase 2
₹23,000 Cr
target FY28
Announced
₹1.5 lakh crore five-year capex plan
₹1,50,000 Cr
target FY30
Announced
Green H2 100 kT/yr across refineries
target FY30
Subsidiaries
Bharat PetroResources (BPRL)
100%
E&P arm with Mozambique Area 1 stake (10%)
Bharat Oman Refineries (BORL, Bina)
100%
OQ stake bought out in 2021
Bharat Gas Resources Ltd (BGRL)
100%
CGD arm
Joint ventures
Indraprastha Gas
22.5%
Partner: GAIL/Delhi Govt
Petronet LNG
12.5%
Partner: GAIL/IOC/ONGC
Sabarmati Gas
49.94%
Partner: GSPC
Central UP Gas
50%
Partner: GAIL
Annual reports
www.bharatpetroleum.in/investors/annual-report.aspx ↗