BPCL Reports Q1 FY27 Results: Revenue Up 23% YoY to ₹1.59 Lakh Crore; Posts Net Loss of ₹1,873 Crore on Higher Input Costs

Bharat Petroleum Corporation Limited (BPCL; CIN: U3220MH1952GOI008931) has announced its consolidated unaudited financial results for the first quarter ended June 30, 2026 (Q1 FY27). The state-owned oil refining and marketing giant reported strong top-line expansion, driven by robust domestic fuel sales and elevated throughput, though a steep increase in raw material costs impacted operating profitability, resulting in a net loss for the period.

Executive Financial Summary

(All financial values are reported in ₹ Crore, converted where appropriate for readability)

Revenue from Operations: Surged 23.08% YoY to ₹1,59,527.05 crore in Q1 FY27 compared to ₹1,29,614.69 crore in Q1 FY26. On a sequential basis, revenue expanded 18.21% QoQ over ₹1,34,947.90 crore recorded in Q4 FY26.

Other Income: Stood at ₹1,249.30 crore for the quarter, reflecting a 66.64% YoY increase from ₹749.71 crore in Q1 FY26 and up 31.42% QoQ from ₹950.61 crore in Q4 FY26.

Total Income: Reached ₹1,60,776.35 crore in Q1 FY27, up 23.33% YoY from ₹1,30,364.40 crore in Q1 FY26 and expanding 18.31% QoQ over ₹1,35,898.51 crore in Q4 FY26.

Profit / Loss Before Tax (PBT): Posted a loss before tax of ₹3,215.64 crore for Q1 FY27 (including an exceptional gain of ₹1,884.56 crore and share of profit from investees of ₹401.13 crore), compared to a PBT of ₹8,871.69 crore in Q1 FY26 and ₹7,837.77 crore in Q4 FY26.

Tax Expense: Total tax credit stood at ₹1,342.94 crore (deferred tax credit) for Q1 FY27, compared to a tax expense of ₹2,032.67 crore in Q1 FY26 and ₹2,213.23 crore in Q4 FY26.

Net Profit / Loss (PAT): Reported a net loss of ₹1,872.70 crore for Q1 FY27, compared to a net profit of ₹6,839.02 crore in Q1 FY26 and ₹5,624.54 crore in Q4 FY26.

Total Comprehensive Loss: Stood at ₹1,970.97 crore for Q1 FY27 (after incorporating an OCI loss of ₹98.27 crore), compared to a comprehensive income of ₹8,144.50 crore in Q1 FY26 and ₹6,442.66 crore in Q4 FY26.

Earnings Per Share (EPS): Basic and diluted EPS for the quarter stood at ₹-4.38 per share (face value ₹10/- each), compared to ₹16.01 in Q1 FY26 and ₹13.16 in Q4 FY26.

Physical Performance & Operational Highlights

Refinery Throughput: Reached 10.15 Million Metric Tonnes (MMT) in Q1 FY27, compared to 10.42 MMT in Q1 FY26 and 10.40 MMT in Q4 FY26.

Domestic Market Sales: Stood at 13.62 MMT in Q1 FY27, reflecting steady domestic demand growth of 0.29% YoY (vs. 13.58 MMT in Q1 FY26 and 13.86 MMT in Q4 FY26).

Export Sales: Stood at 0.51 MMT in Q1 FY27, up from 0.45 MMT in Q1 FY26 and 0.35 MMT in Q4 FY26.

Operating Expenditure & Cost Structure

Total Expenses: Escalated 35.64% YoY to ₹1,66,277.68 crore in Q1 FY27 compared to ₹1,22,583.43 crore in Q1 FY26 and 30.30% QoQ against ₹1,27,607.19 crore in Q4 FY26.

Cost of Materials Consumed: Rose sharply by 68.74% YoY to ₹90,588.10 crore in Q1 FY27 (vs. ₹53,686.13 crore in Q1 FY26 and ₹54,264.27 crore in Q4 FY26).

Purchase of Stock-in-Trade: Outlay jumped 60.24% YoY to ₹65,348.26 crore (vs. ₹40,782.82 crore in Q1 FY26 and ₹43,815.22 crore in Q4 FY26).

Changes in Inventories: Recorded at (₹8,367.94) crore in Q1 FY27 compared to ₹1,335.86 crore in Q1 FY26.

Excise Duty: Outlay stood at ₹8,250.02 crore in Q1 FY27 (vs. ₹17,063.24 crore in Q1 FY26 and ₹16,247.02 crore in Q4 FY26).

Other Expenses: Outlay was ₹6,924.50 crore in Q1 FY27 (vs. ₹6,161.25 crore in Q1 FY26 and ₹10,649.44 crore in Q4 FY26).

Employee Benefits Expense: Stood at ₹838.92 crore (vs. ₹907.44 crore in Q1 FY26).

Depreciation & Amortization: Accounted for ₹2,068.95 crore (vs. ₹1,888.96 crore in Q1 FY26).

Finance Costs: Reduced to ₹626.87 crore in Q1 FY27 (vs. ₹757.73 crore in Q1 FY26 and ₹705.08 crore in Q4 FY26).

Segment Performance Breakdown

Downstream Petroleum:

Segment Revenue: ₹1,59,479.28 crore in Q1 FY27 (vs. ₹1,29,577.89 crore in Q1 FY26 and ₹1,34,896.40 crore in Q4 FY26).

Segment Result (PBT before other income & finance costs): Posted a loss of ₹5,919.53 crore in Q1 FY27 (vs. a profit of ₹8,060.47 crore in Q1 FY26 and ₹8,484.32 crore in Q4 FY26).

Segment Assets: Expanded to ₹1,96,957.11 crore as of June 30, 2026.

Exploration & Production (E&P) of Hydrocarbons:

Segment Revenue: ₹47.77 crore in Q1 FY27 (vs. ₹36.80 crore in Q1 FY26 and ₹51.50 crore in Q4 FY26).

Segment Result: Posted a segment profit of ₹2,084.10 crore in Q1 FY27 (vs. ₹819.24 crore in Q1 FY26 and a loss of ₹892.08 crore in Q4 FY26).

Segment Assets: Expanded to ₹38,856.97 crore as of June 30, 2026.

Key Financial Ratios & Balance Sheet Ratios

Debt-Equity Ratio: Increased to 0.56 times as of June 30, 2026 (vs. 0.44 times as of June 30, 2025 and 0.43 times as of March 31, 2026).

Outstanding Debt (excluding lease liabilities): Stood at ₹53,774.61 crore as of June 30, 2026, compared to ₹39,451.77 crore as of June 30, 2025 and ₹43,481.91 crore as of March 31, 2026.

Net Worth: Stood at ₹96,320.83 crore as of June 30, 2026, compared to ₹89,516.81 crore as of June 30, 2025 and ₹1,00,170.26 crore as of March 31, 2026.

Operating Margin: Stood at -3.98% in Q1 FY27 (vs. 6.32% in Q1 FY26 and 5.11% in Q4 FY26).

Net Profit Margin: Stood at -1.17% in Q1 FY27 (vs. 5.28% in Q1 FY26 and 4.17% in Q4 FY26).

Current Ratio: Stood at 0.74 times as of June 30, 2026 (vs. 0.86 times as of June 30, 2025).

Total Assets: Expanded to ₹2,56,178.61 crore as of June 30, 2026, compared to ₹2,23,209.53 crore as of June 30, 2025 and ₹2,48,616.03 crore as of March 31, 2026.

Shares of Bharat Petroleum Corporation Limited was last trading in BSE at Rs. 319.25 as compared to the previous close of Rs. 317.35. The total number of shares traded during the day was 259326 in over 4012 trades.

The stock hit an intraday high of Rs. 321.85 and intraday low of 317.05. The net turnover during the day was Rs. 82713979.00.

Source : Equity Bulls

Keywords

BharatPetroleumCorporation INE029A01011 BPCL Q1FY27 Q1FY2027 ResultUpdate