Bharat Petroleum Corporation Ltd (BPCL) on Wednesday, 22 July, reported a net loss of ₹3,962 crore for the June quarter (Q1 FY27), compared with a net profit of ₹3,191 crore in the preceding March quarter, impacted by margin pressures. The net profit fell from ₹6,124 crore in the year-ago quarter.
Revenue from operations increased 23.1% year-on-year to ₹1,59,479.28 crore in the June quarter from ₹1,29,577.89 crore a year earlier. Total income also rose 23.3% YoY to ₹1,60,732.72 crore, compared with ₹1,30,326.60 crore in the corresponding quarter last year.
The Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) for the quarter was a loss of ₹4,077 crore, compared with an EBITDA profit of ₹10,060 crore in the March quarter.
The company’s total expenses increased sharply during the quarter, primarily due to higher raw material costs, stock purchases, and inventory-related expenses. Cost of materials consumed surged to ₹90,588 crore from ₹53,686 crore in the corresponding quarter last year, while purchase of stock-in-trade rose to ₹65,348 crore from ₹40,783 crore.
A significant drag on profitability came from changes in inventories of finished goods, stock-in-trade, and work-in-progress, which stood at ₹18,368 crore, compared with a negative ₹1,335 crore in the year-ago period.
Meanwhile, excise duty declined to ₹8,250 crore from ₹17,063 crore a year earlier, while employee benefits expense eased to ₹832 crore from ₹902 crore. Finance costs increased to ₹415 crore from ₹373 crore, depreciation and amortisation expenses rose to ₹2,066 crore from ₹1,882 crore, and other expenses climbed to ₹6,906 crore from ₹6,145 crore.
As a result, BPCL reported a loss before exceptional items and tax of ₹5,305 crore, compared with a profit of ₹8,156 crore in the corresponding quarter last year. Loss before tax also came in at ₹5,305.18 crore, against a profit before tax of ₹8,156 crore a year ago.
On the operational front, refinery throughput stood at 10.15 million metric tonnes (MMT) during the quarter, down from 10.42 MMT in the year-ago period and 10.40 MMT in the preceding quarter. Market sales were largely stable at 13.62 MMT, compared with 13.58 MMT a year earlier, while export sales increased to 0.51 MMT from 0.45 MMT in the corresponding quarter last year.
BPCL share price today
BPCL share price today ended 1.5% lower at ₹314.50 apiece on the BSE. Hitesh Rathi, Technical Analyst – Equity & Derivatives at Angel One, said BPCL continues to trade in a sideways range, with strong support in the ₹280-270 zone and stiff resistance at ₹320-325, limiting any meaningful upside in the near term.
According to Rathi, the stock’s broader technical setup is gradually turning constructive. He noted that a bullish pattern retest is currently forming on the medium-term Point & Figure charts, while a decisive breakout above the ₹322-325 zone would trigger a Double Top Buy signal on the daily 1% × 3 Point & Figure chart, indicating a potential resumption of the bullish trend.
He further added that BPCL continues to trade above its 10-column moving average, reinforcing the positive undertone and supporting the case for a sustained upward move if the stock breaks above the key resistance zone.
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