Bharat Petroleum Corporation Limited has released its unaudited financial results for the second quarter and half-year ended September 30, 2026. The announcement details key financial parameters, including profit before and after tax, as well as operational metrics for its refining and marketing segments. These figures offer insight into the company’s performance during the specified periods, with the GRM showing an increase compared to the previous year.
Bharat Petroleum Reports Q2 and H1 FY27 Unaudited Financial Highlights
Bharat Petroleum Corporation Limited (BPCL) has issued an investor handout detailing its unaudited financial results for the second quarter and the first half of the financial year ending September 30, 2026. The information is provided in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance Highlights
For the quarter ended September 30, 2026, the company reported a profit before tax of ₹6,686 crore and a profit after tax of ₹4,993 crore. This compares to a profit before tax of ₹8,596 crore and profit after tax of ₹6,443 crore for the same period in the previous year. The half-year results show a profit before tax of ₹1,381 crore and profit after tax of ₹1,031 crore for Apr-Sep 2026, a significant decrease from ₹16,752 crore and ₹12,566 crore respectively in Apr-Sep 2025.
Forex fluctuation resulted in a loss of ₹397 crore for the Jul-Sep 2026 quarter, an improvement from a loss of ₹561 crore in Jul-Sep 2025. Marketing inventory saw a loss of ₹330 crore in Jul-Sep 2026, compared to a gain of ₹895 crore in Jul-Sep 2025. Interest expenditure stood at ₹659 crore for the quarter, up from ₹420 crore year-on-year, while interest income was ₹270 crore, down from ₹460 crore.
Operational Performance
In the refining segment, throughput for the Jul-Sep 2026 quarter was 10.41 MMT, an increase from 9.82 MMT in Jul-Sep 2025. The Gross Refinery Margin (GRM) for BPCL was a strong US $32.53 per barrel for the Jul-Sep 2026 quarter, a substantial rise from US $10.78 per barrel in Jul-Sep 2025.
The marketing segment reported total domestic sales of 13.47 MMT for the Jul-Sep 2026 quarter, up from 12.67 MMT in the prior year. Total sales, including exports, for the quarter stood at 14.06 MMT, compared to 13.03 MMT in Jul-Sep 2025.
The company also noted that its debt position as of September 30, 2026, excluding lease liabilities under IND AS 116, was ₹15,246 crore.
Source: BSE
