BPCL Q1 Results 2026 Highlights: Bharat Petroleum Corporation announcedi ts earnings for the quarter ended June 2026 on July 22, during market hours. BPCL reported a net loss of ₹3,962.13 crore in the June quarter (Q1FY27) as against a net profit of ₹6,123.93 crore in the same quarter last year, owing to higher crude oil prices during the April-June period at the height of the first phase of the US-Iran war. Meanwhile, in the March quarter as well, the OMC posted a net profit of ₹3,191.49 crore.
Meanwhile, its revenue from operations came in at ₹1,59,479.28 crore, up 23% versus ₹1,29,577.89 crore in the year-ago period. Sequentially, it rose over 18% from ₹1,35,960.14 crore in the March quarter.
Earnings Before Interest, Tax Depreciation and Amortisation (EBITDA) for the quarter stood at a negative ₹4,077 crore, compared to an EBITDA profit of ₹10,060 crore during the March quarter.
The OMC stock ended 2.94% lower at ₹309.85 per share on BSE.
What led to a weak quarter for the OMC?
The OMC faced a volatile quarter as the company navigated extreme crude oil price swings and a major divergence between refining margins and domestic demand. The loss is mainly due to marketing losses incurred after a rise in crude oil prices, freight, and insurance costs caused by the war in West Asia. These higher costs could not be passed on to consumers by way of higher pump prices for fuels, including liquefied petroleum gas.
Higher crude prices are a key headwind for oil marketing companies such as BPCL, as they increase input costs. If retail fuel prices are not raised in line with higher crude costs, marketing margins come under pressure, hurting the company’s profitability.
Crude oil prices have rebounded amid renewed hostilities in West Asia after easing in June following a ceasefire agreement between the two countries. Brent crude, which had surged to $125 a barrel in April before retreating, is now back near $95 a barrel. Goldman Sachs has warned that prices could climb to $120 a barrel by the fourth quarter if the conflict persists.
Key highlights from BPCL Q1 results
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