BPCL Q1 FY27 Results: Net Loss At ₹3,962 Crore Against Profit Last Year As Fuel Price Freeze Dents Margins

Bharat Petroleum Corporation (BPCL) reported a standalone net loss of ₹3,962.13 crore for the April-June quarter, compared with a net profit of ₹6,123.92 crore in the year-ago period, as higher crude oil prices and lower fuel marketing margins weighed on earnings. Revenue from operations rose 23% year-on-year to ₹1,59,479.28 crore.

The state-run oil marketing company said higher refining margins during the quarter were not enough to offset lower earnings from its fuel marketing business.

The June quarter was marked by a sharp increase in global crude oil prices following geopolitical tensions in West Asia. While input costs rose, retail prices of petrol and diesel remained unchanged for much of the quarter. Fuel prices were revised higher only in the second half of May, while domestic LPG prices were increased by ₹89 per 14.2 kg cylinder.

BPCL said it recorded an LPG under-recovery of ₹3,485.22 crore during the quarter. Outstanding LPG subsidy dues stood at ₹12,318.52 crore as of March 31, 2026.

BPCL Q1 FY27 Results: Sales Volumes Decline

BPCL sold 13.62 million tonnes of petroleum products during the quarter, compared with 13.86 million tonnes in the corresponding period last year.

Crude throughput at the company's refineries also declined to 10.15 million tonnes from 10.40 million tonnes a year earlier.

The company did not disclose its gross refining margin or fuel marketing margin for the June quarter.

The weak quarterly performance comes after BPCL had reported strong earnings in FY26, when lower crude oil prices and healthier marketing margins supported profitability. The sharp rise in crude prices during the June quarter, however, reversed that trend and put pressure on the earnings of state-run oil marketing companies.

BPCL Share Price Today

BPCL shares were trading 2.04% lower at ₹312.85 in Wednesday afternoon trade after the company announced its June quarter results. The stock touched an intraday low of ₹308.10.

The broader market also remained under pressure. The Sensex was down 442.93 points, or 0.57%, at 77,708.52, while the Nifty 50 fell 95.80 points, or 0.39%, to 24,238.50.

Investors will now watch for a recovery in fuel marketing margins and any improvement in crude oil prices over the coming quarters, as these remain key drivers of earnings for oil marketing companies such as BPCL.

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