Bharat Petroleum Corporation Limited has informed the Exchange regarding 'Chairman's Statement delivered at the 72nd Annual General Meeting of the Company'.
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BPCL reported its highest-ever standalone net profit of ₹13,275 crore in FY25, the best among PSU oil marketing companies, supported by a GRM of $6.82/bbl and resilient marketing margins. Refineries processed a record 40.5 MMT of crude at 115% capacity utilization, while market sales reached 52.4 MMT, retaining 27.44% market share. The company spent a record ₹16,967 crore on capex (up 45% YoY), with major petrochemical projects at Bina and Kochi (combined ₹54,000 crore) progressing on schedule, financed in part by a ₹31,802 crore loan from an SBI-led consortium. A greenfield refinery-cum-petrochemical complex near Ramayapatnam Port in Andhra Pradesh is under evaluation, and a ₹14,200 crore Mumbai refinery upgrade was approved. The Board recommended a final dividend of ₹5 per share, taking total FY25 dividend to ₹10 per share. Growth was broad-based across LPG (8.3 MMT, #1 position), lubricants (472 TMT record), aviation fuel (1,968 TMT), and gas (80% growth in CGD network).
Shareholders get a ₹10/share total dividend backed by record profits, capex, and throughput, with a visible multi-year growth pipeline in petrochemicals, renewables, and green hydrogen. The strong FY25 performance and forward-looking investment roadmap should support investor confidence, though execution of large petrochemical projects and dependence on government compensation (₹30,000 crore approved for LPG under-recoveries) remain key watchpoints.