Bharat Petroleum Corporation Ltd
Financial results for quarter ended 30th June 2026
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 22 Jul 2026, 02:38 PM IST · BSE ID: b06bec44-8292-4d6c-9ae9-34ea1f69ed99
View Original BSE Filing (PDF)
💡
In Simple Terms
BPCL reported a financial loss of ₹3,962.13 Crore for the quarter, largely due to lower profit margins on fuel sales.
🤖 AI Summary
- Bharat Petroleum Corporation Ltd. reported a Net Loss of ₹3,962.13 Crore for the quarter ended June 30, 2026.
- Revenue from Operations for Q1 FY27 stood at ₹1,59,479.28 Crore, compared to ₹1,29,577.89 Crore in Q1 FY26.
- Total Expenses for the quarter ended June 30, 2026, were ₹1,66,037.90 Crore.
- The Corporation recorded a cumulative net negative LPG buffer of ₹15,803.74 Crore as of June 30, 2026.
- Three equal monthly instalments aggregating ₹1,898.49 Crore from MoPNG compensation for LPG under-recoveries were recognized.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Profit/(Loss) for the period
₹(3,962.13) Crore
Not comparable — limited prior period data.
Revenue from Operations
₹1,59,479.28 Crore
23.08
Total Expenses
₹1,66,037.90 Crore
35.91
Basic and Diluted Earnings Per Share
₹(9.27) per share
Not comparable — limited prior period data.
Cumulative Net Negative LPG Buffer (as on 30th June 2026)
₹15,803.74 Crore
28.29
Refinery Throughput
10.15 MMT
-2.59
🏢 How This Affects the Company
Revenue from Operations increased by 23.08% year-over-year, indicating higher sales volume or pricing power in specific segments despite overall marketing margin pressures. Domestic Market Sales Growth was 0.29% for the quarter.
The Net Loss for the period of ₹3,962.13 Crore impacts the company's profitability and potentially its retained earnings. Cumulative net negative LPG buffer of ₹15,803.74 Crore represents a significant unrecovered amount affecting working capital and overall financial health.
Refinery Throughput for the quarter was 10.15 MMT, marginally lower than 10.42 MMT in the comparable prior period, suggesting stable but not increasing refining activity. Market Sales (Domestic Sales) increased slightly to 13.62 MMT from 13.58 MMT.
The ongoing non-compliance with SEBI Listing Regulations regarding independent directors and a woman director on the Board introduces regulatory risk. Suppressed marketing margins on petroleum products highlight vulnerability to government pricing policies or market volatility.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the Net Loss for the period of ₹3,962.13 Crore, which impacts the company's financial performance and potentially future dividend capacity. The Basic and Diluted Earnings Per Share is ₹(9.27) per share.
🔍
Management Signal
The management's report attributes the loss mainly to suppressed marketing margins on petroleum products, signalling external pricing pressures as a key operational challenge.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY27 financial results — check for improvements in marketing margins and profitability.
Updates on MoPNG compensation for LPG under-recoveries and disbursement schedule.
Board composition changes — monitor for compliance with SEBI Listing Regulations.
HIGH RISK
Net loss, increasing negative LPG buffer, and non-compliance with board composition regulations indicate significant risks.
💡 Investor Takeaway
Bharat Petroleum Corporation Ltd. reported a Net Loss of ₹3,962.13 Crore for the quarter ended June 30, 2026, compared to a Net Profit of ₹6,123.93 Crore in Q1 FY26. Revenue from Operations increased to ₹1,59,479.28 Crore from ₹1,29,577.89 Crore year-over-year, with total expenses reaching ₹1,66,037.90 Crore.
⚖️ Strengths & Concerns
✅ Positives
- Revenue from Operations increased by 23.08% to ₹1,59,479.28 Crore for Q1 FY27 compared to ₹1,29,577.89 Crore in Q1 FY26.
- Domestic Market Sales saw a modest growth of 0.29% for the quarter ended June 30, 2026, reaching 13.62 MMT.
⚠️ Concerns
- Net Loss for the period was ₹3,962.13 Crore in Q1 FY27, a decline from a Net Profit of ₹6,123.93 Crore in Q1 FY26.
- The cumulative net negative LPG buffer increased to ₹15,803.74 Crore as of June 30, 2026, from ₹12,318.52 Crore as of March 31, 2026.
📅 Company Track Record
Bharat Petroleum Corporation Ltd. had a board meeting on July 13, 2026, to approve these Q1 FY27 unaudited financial results. In Q1 FY26 (year ended June 30, 2025), the company reported a Net Profit of ₹6,123.93 Crore and Revenue from Operations of ₹1,29,577.89 Crore.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Bharat Petroleum Corporation Ltd.'s net profit/loss for the quarter ended June 30, 2026?
Bharat Petroleum Corporation Ltd. reported a Net Loss of ₹3,962.13 Crore for the quarter ended June 30, 2026.
What was Bharat Petroleum Corporation Ltd.'s Revenue from Operations in Q1 FY27?
Revenue from Operations for Bharat Petroleum Corporation Ltd. was ₹1,59,479.28 Crore for the quarter ended June 30, 2026.
What was the total cumulative net negative LPG buffer for BPCL as of June 30, 2026?
The cumulative net negative LPG buffer for Bharat Petroleum Corporation Ltd. was ₹15,803.74 Crore as of June 30, 2026.
Why did Bharat Petroleum Corporation Ltd. report a loss in Q1 FY27?
The loss during the current quarter is mainly due to suppressed marketing margin on certain petroleum products, partially offset by higher refining margin.
What was the Refinery Throughput for Bharat Petroleum Corporation Ltd. in Q1 FY27?
The Refinery Throughput for Bharat Petroleum Corporation Ltd. was 10.15 MMT for the quarter ended June 30, 2026.
Questions based on this BSE filing only. For information purposes.