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Informist, Tuesday, May 19, 2026

 

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--BPCL Jan-Mar net profit INR 31.91 bln 
--Analysts saw BPCL Jan-Mar net profit at INR 45.25 bln 
--BPCL Jan-Mar revenue INR 1.35 tln 
--Analysts saw BPCL Jan-Mar revenue at INR 1.37 tln 
--BPCL Jan-Mar net profit INR 31.91 bln vs INR 32.14 bln year ago 
--BPCL Jan-Mar revenue INR 1.35 tln vs INR 1.27 tln year ago 
--BPCL Jan-Mar net profit includes one-time cost INR 43.49 bln 
--BPCL Jan-Mar Q4 one-time cost due to impairment loss on investment in arm 
--BPCL Jan-Mar profit excluding exceptional cost INR 75.41 bln 
--BPCL FY26 net profit INR 233.03 bln vs INR 132.75 bln year ago 
--BPCL FY26 revenue INR 5.23 tln vs INR 5.00 tln year ago 
--BPCL Jan-Mar domestic market sales 13.86 mln tn vs 13.42 mln tn year ago 
--BPCL Jan-Mar refinery throughput 10.40 mln tn vs 10.58 mln tn year ago 
--BPCL Jan-Mar operating margin 5.59% vs 4.13% year ago 

 

By Ashutosh Pati

 

MUMBAI – A one—time cost of INR 43.49 billion on account of impairment losses on investment in a subsidiary pulled down Bharat Petroleum Corp. Ltd.'s bottom line for the March quarter. The company's revenue for the quarter rose moderately. BPCL's net profit missed the Street's expectations by a wide margin but its revenue was in line with estimates. Its net profit fell on a yearly basis for the first time in the financial year 2025-26 (Apr-Mar).

 

The state-owned oil marketing company posted a net profit of INR 31.91 billion for the March quarter, down about a percent on year and sharply below analysts' consensus estimate of INR 45.25 billion. Adjusting for the exceptional cost during the quarter, BPCL reported a net profit of INR 75.41 billion, far beyond analysts' estimates. The company's revenue for the quarter grew around 7% on year to INR 1.19 trillion, excluding excise duty of INR 162.47 billion. Including this duty, the company posted a revenue of INR 1.35 trillion, in line with expectations of INR 1.37 trillion.

 

BPCL's subsidiary Bharat PetroResources Ltd. had impaired investments in FY26 in its subsidiary due to change in prospects of its blocks. An impairment testing was carried out on equity investment made and an impairment loss was recognised, the company said.

 

 

The company's refinery throughput fell around 2% on year to INR 10.40 million tonnes in the March quarter. Its sales in the domestic market rose over 3% to 13.86 million tonnes from 13.42 million tonnes in the year-ago quarter. BPCL's operating margin improved in the quarter, rising by 146 basis points to 5.59%.

 

The state-owned company's total expenses rose about 5% on year to INR 1.27 trillion, with sharp increases in purchases of stock-in-trade and other expenses. The company's cost of raw materials, however, fell 6.5% to INR 542.64 billion. Its other expenses rose 46.5% on year to INR 106.21 billion while expenses on purchases of stock-in-trade were up 12.5% at INR 438.15 billion.

 

For FY26, the company posted a net profit of INR 233.03 billion, up nearly 76% on year. Its revenue for the year rose over 4% to INR 5.23 trillion. The company declared its March quarter results after market hours Tuesday. Its shares closed at INR 286.45 on the National Stock Exchange, up 2% from Monday.  End

 

Edited by Rajeev Pai

 

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