Bharat Petroleum Corporation Ltd
Investor handout for unaudited financial results
RESULTS
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 22 Jul 2026, 08:40 PM IST · BSE ID: 7dd6854d-4ff3-41ae-ba86-72c91d608f6e
View Original BSE Filing (PDF)
💡
In Simple Terms
BPCL reported a net loss of ₹3,962 crores for the quarter and saw its refining profit margin significantly increase.
🤖 AI Summary
- Bharat Petroleum Corporation Ltd. reported a Profit/(Loss) after tax of ₹ (3,962) crores for Apr-Jun 2026.
- Gross Refining Margin (GRM) was US $41.41/bbl for the quarter ended June 30, 2026.
- Refinery Throughput for Q1 FY27 was 10.15 MMT, with total sales at 14.13 MMT.
- Debt Position (Excluding IND AS 116 Liabilities) increased to ₹ 17,396 crores as of June 30, 2026.
- Marketing Inventory Gain amounted to ₹ 3,134 crores for the April-June 2026 quarter.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Profit/(Loss) after tax (Apr-Jun 2026)
₹ (3,962) crores
Profit/(Loss) after tax (Apr-Jun 2025)
₹ 6,124 crores
Gross Refining Margin (Apr-Jun 2026)
US $41.41/bbl
Gross Refining Margin (Apr-Jun 2025)
US $4.88/bbl
Debt Position (Excluding IND AS 116 Liabilities) as on 30th June 2026
₹ 17,396 crores
Refinery Throughput (Apr-Jun 2026)
10.15 MMT
Total Sales (Apr-Jun 2026)
14.13 MMT
🏢 How This Affects the Company
The Gross Refining Margin (GRM) improved to US $41.41/bbl in Q1 FY27 from US $4.88/bbl in Q1 FY26, indicating better profitability from refining operations.
The company reported a Profit/(Loss) after tax of ₹ (3,962) crores for Q1 FY27, compared to a profit of ₹ 6,124 crores in Q1 FY26. Debt Position (Excluding IND AS 116 Liabilities) increased to ₹ 17,396 crores from ₹ 10,709 crores year-over-year.
Refinery Throughput decreased slightly to 10.15 MMT in Q1 FY27 from 10.42 MMT in Q1 FY26. Total Sales of petroleum products increased to 14.13 MMT from 14.03 MMT year-over-year.
The substantial increase in Debt Position (Excluding IND AS 116 Liabilities) to ₹ 17,396 crores represents an increased financial leverage for the company.
👥 What This Means For Shareholders
✅
Action Required
No direct action required from shareholders based on this financial results handout.
👤
Who Is Affected
Shareholders are affected by the reported Profit/(Loss) after tax of ₹ (3,962) crores, which reflects the company's financial performance for the quarter.
🔍
Management Signal
The release of this investor handout signals management's intent to transparently communicate key financial and operational figures following board approval of results.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY27 financial results — assess trends in profitability and debt.
Management commentary on factors impacting Q1 FY27 performance.
Updates on crude oil prices and their impact on GRM.
MEDIUM RISK
The reported net loss for Q1 FY27 and increased debt position represent financial risks.
💡 Investor Takeaway
Bharat Petroleum Corporation Ltd. reported a Profit/(Loss) after tax of ₹ (3,962) crores for Apr-Jun 2026, a decline from ₹ 6,124 crores in Apr-Jun 2025. Gross Refining Margin (GRM) improved to US $41.41/bbl from US $4.88/bbl, while Debt Position increased to ₹ 17,396 crores.
⚖️ Strengths & Concerns
✅ Positives
- Gross Refining Margin (GRM) showed significant improvement to US $41.41/bbl in Q1 FY27 from US $4.88/bbl in Q1 FY26.
- Marketing Inventory Gain of ₹ 3,134 crores in Q1 FY27 contrasts with a loss of ₹ (835) crores in Q1 FY26.
⚠️ Concerns
- Profit/(Loss) after tax declined significantly to ₹ (3,962) crores in Q1 FY27 from a profit of ₹ 6,124 crores in Q1 FY26.
- Debt Position (Excluding IND AS 116 Liabilities) increased by ₹ 6,687 crores year-over-year, reaching ₹ 17,396 crores as of June 30, 2026.
📅 Company Track Record
BPCL reported a Net Loss of ₹3,962.13 Crore for Q1 FY27 in previous filings, impacting overall profitability. Prior to this, the company reported Q1 FY27 Net Loss of ₹3,962.13 Crore with revenue up to ₹1,59,479.28 Crore. The Board meeting on July 22, 2026, approved these unaudited financial results.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Bharat Petroleum Corporation Ltd.'s Profit/(Loss) after tax for Q1 FY27?
Bharat Petroleum Corporation Ltd. reported a Profit/(Loss) after tax of ₹ (3,962) crores for the quarter ended June 30, 2026.
What was BPCL's Gross Refining Margin (GRM) in Q1 FY27?
BPCL's Gross Refining Margin (GRM) for the April-June 2026 quarter was US $41.41/bbl.
How much was BPCL's Debt Position (Excluding IND AS 116 Liabilities) as of June 30, 2026?
BPCL's Debt Position (Excluding IND AS 116 Liabilities) was ₹ 17,396 crores as of June 30, 2026.
What was Bharat Petroleum Corporation Ltd.'s Total Sales of petroleum products in Q1 FY27?
Bharat Petroleum Corporation Ltd. recorded Total Sales of petroleum products of 14.13 MMT for the quarter ended June 30, 2026.
What was the Marketing Inventory Gain/(Loss) for BPCL in Q1 FY27?
BPCL reported a Marketing Inventory Gain of ₹ 3,134 crores for the quarter ended June 30, 2026.
Questions based on this BSE filing only. For information purposes.