Bharat Petroleum Corporation quarterly results and financials

Bharat Petroleum Corporation (BPCL)₹316.00−0.50%(9 Nov 2026 close)Refineries & Marketing

Key facts

In the Sep 2026 quarter (consolidated), Bharat Petroleum Corporation reported sales of ₹1.49 L Cr, up 41.9% from Sep 2025, and net profit of ₹4,849 Cr, down 21.4% year on year. For the year to Mar 2026, sales were ₹4.54 L Cr and net profit ₹25,760 Cr.

Sales (Sep 2026): ₹1.49 L Cr
Net profit (Sep 2026): ₹4,849 Cr
Sales (FY Mar 2026): ₹4.54 L Cr
Net profit (FY Mar 2026): ₹25,760 Cr
EPS (Sep 2026): ₹11.19
Borrowings (Mar 2026): ₹54,343 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Bharat Petroleum Corporation quarterly results

₹ crore unless stated; each column is a quarter.

Bharat Petroleum Corporation Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	1,15,163	1,16,295	1,12,913	1,02,582	1,12,840	1,10,985	1,12,383	1,04,787	1,18,756	1,18,342	1,50,965	1,48,694
Expenses	1,09,294	1,07,616	1,07,485	98,208	1,05,737	1,03,535	1,02,846	95,181	1,07,338	1,09,062	1,55,337	1,40,237
Operating Profit	6,181	8,925	5,614	4,506	7,429	7,712	9,643	9,728	11,649	9,610	−4,041	8,953
OPM %	5.0%	7.9%	5.0%	4.4%	7.0%	7.0%	9.0%	8.9%	10.0%	7.9%	−2.7%	6.0%
Other Income	918	403	807	1,277	547	1,061	1,838	1,375	687	940	3,536	675
Interest	924	971	892	927	865	923	761	836	660	707	630	994
Depreciation	1,829	1,719	1,685	1,777	1,809	1,979	1,888	1,957	1,979	2,029	2,068	2,096
Profit before tax	4,370	6,668	3,864	3,096	5,337	5,902	8,883	8,350	9,743	7,844	−3,219	6,561
Tax %	27.1%	28.1%	26.1%	26.0%	29.1%	26.1%	23.1%	26.1%	26.1%	28.1%	−42.0%	26.1%
Exceptional items	−44.96	−72.91	−104	−55.95	−41.94	−74.96	−51.96	−122	−123	−6.99	1,882	0.00
Net Profit	3,169	4,771	2,833	2,291	3,795	4,374	6,820	6,173	7,164	5,607	−1,866	4,849
EPS (Rs)	7.31	11.01	6.53	5.28	8.74	10.09	15.72	14.23	16.54	12.93	−4.31	11.19

Bharat Petroleum Corporation profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Bharat Petroleum Corporation Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,87,447	2,00,832	2,35,488	2,97,389	2,84,085	2,29,561	3,45,733	4,71,758	4,47,084	4,39,304	4,53,851	5,36,757
Expenses	1,74,826	1,87,472	2,20,466	2,83,085	2,75,668	2,09,120	3,27,833	4,62,429	4,04,063	4,15,035	4,14,006	5,11,974
Operating Profit	12,938	13,740	15,263	15,061	8,954	20,929	19,088	10,871	43,932	25,318	41,101	26,171
OPM %	7.0%	7.0%	6.0%	5.0%	3.1%	8.9%	6.0%	2.3%	9.9%	6.0%	8.9%	4.9%
Other Income	1,913	2,718	2,926	2,974	1,393	7,490	4,939	2,552	3,031	3,630	4,398	5,837
Interest	682	699	1,191	1,771	2,645	1,730	2,618	4,281	4,165	3,607	2,962	2,991
Depreciation	2,069	2,106	2,883	3,414	4,073	4,333	5,427	6,358	6,760	7,248	7,848	8,172
Profit before tax	12,133	13,716	14,192	12,904	3,653	22,461	16,034	2,820	36,189	18,198	34,815	20,928
Tax %	33.1%	31.1%	31.0%	34.1%	0.0%	23.1%	27.1%	24.1%	26.1%	27.1%	26.1%	—
Exceptional items	−22.97	−24.99	−23.97	2.99	−1,601	3,781	896	−829	−198	−271	−254	1,752
Net Profit	8,058	9,479	9,760	8,499	3,656	17,263	11,636	2,124	26,750	13,282	25,760	15,754
EPS (Rs)	18.59	20.04	20.71	17.94	7.02	37.19	26.86	4.90	61.75	30.65	59.43	36.35
Dividend payout %	25.1%	49.1%	46.1%	48.1%	106.1%	102.1%	29.1%	40.1%	33.1%	32.1%	29.1%	—

Bharat Petroleum Corporation balance sheet

₹ crore, at each year end.

Bharat Petroleum Corporation Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	725	658	1,314	1,973	1,972	1,973	2,098	2,135	2,136	2,141	4,286	4,286
Reserves	21,894	27,219	29,599	34,750	36,909	34,693	51,620	49,972	51,533	73,697	77,407	96,270
Borrowings	25,470	23,352	35,711	37,639	44,812	65,448	54,438	64,484	69,280	54,496	61,037	54,343
Other Liabilities	38,276	35,235	42,520	46,103	53,308	48,910	53,012	71,190	65,442	72,350	75,879	93,959
Total Liabilities	86,366	86,464	1,09,145	1,20,465	1,37,001	1,51,024	1,61,168	1,87,782	1,88,391	2,02,685	2,18,608	2,48,858
Fixed Assets	29,194	25,443	33,810	45,698	49,461	60,407	64,358	84,210	87,053	87,115	88,964	93,980
CWIP	15,802	17,500	16,856	9,893	13,669	17,780	17,062	15,463	16,265	20,232	26,446	32,942
Investments	7,735	9,433	21,379	23,810	24,985	27,107	26,858	23,682	26,851	26,717	26,612	30,218
Other Assets	33,634	34,088	37,100	41,064	48,886	45,732	52,891	64,426	58,222	68,621	76,586	91,718
Inventories	17,460	14,681	21,261	22,602	23,010	22,311	26,773	42,292	38,210	42,943	45,438	53,475
Trade receivables	2,896	2,212	4,791	5,199	6,890	5,362	7,817	9,679	6,707	8,322	9,322	4,965
Cash & equivalents	3,445	4,204	1,884	1,355	663	1,165	8,113	2,237	2,575	6,288	10,472	17,755
Total Assets	86,366	86,464	1,09,145	1,20,465	1,37,001	1,51,024	1,61,168	1,87,782	1,88,391	2,02,685	2,18,608	2,48,858

Bharat Petroleum Corporation cash flow

₹ crore, for each year.

Bharat Petroleum Corporation Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	20,780	11,140	9,063	11,096	10,178	7,902	23,521	20,375	12,500	36,005	23,728	50,907
Cash from investing activity	−10,575	−9,265	−15,330	−7,087	−10,485	−11,166	−2,483	−8,163	−7,832	−10,563	−19,256	−26,159
Cash from financing activity	−9,773	−1,329	4,798	−4,211	207	3,576	−13,955	−17,651	−4,392	−25,384	−6,234	−24,905
Net cash flow	413	554	−1,428	−215	−86.87	328	6,992	−5,466	257	−11.99	−1,742	−238
Capex	10,998	10,184	9,559	7,741	10,529	12,182	9,096	7,749	8,547	9,567	15,141	19,416
Free cash flow	9,744	947	−417	3,381	−344	−4,290	14,393	12,638	3,955	26,376	8,564	31,438
CFO / OP %	240.0%	111.0%	94.0%	93.0%	85.9%	108.0%	129.0%	115.0%	120.9%	101.0%	109.0%	143.0%

Bharat Petroleum Corporation ratios

Working-capital days and returns, by year.

Bharat Petroleum Corporation Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	4	4	9	8	8	7	12	10	5	7	8	4
Inventory days	29	34	45	41	32	32	52	51	32	42	43	51
Days payable	22	19	24	27	25	19	32	37	20	27	29	41
Cash conversion cycle	12	19	30	21	16	20	33	24	17	21	22	14
Working capital days	−20	−19	−32	−20	−14	−31	−34	−30	−21	−22	−28	−35
ROCE %	17.1%	25.1%	24.1%	21.1%	18.1%	9.1%	18.1%	16.1%	7.0%	32.1%	16.1%	26.1%

Bharat Petroleum Corporation: frequently asked questions

What are the latest quarterly results of Bharat Petroleum Corporation?

For the Sep 2026 quarter, Bharat Petroleum Corporation reported sales of ₹1.49 L Cr, up 41.9% year on year and net profit of ₹4,849 Cr, down 21.4% year on year. The operating margin was 6.0%.

What is the annual revenue of Bharat Petroleum Corporation?

Bharat Petroleum Corporation's sales for the year to Mar 2026 were ₹4.54 L Cr; over the last twelve months they were ₹5.37 L Cr.

What is the net profit of Bharat Petroleum Corporation?

Net profit for the year to Mar 2026 was ₹25,760 Cr, and ₹15,754 Cr over the last twelve months. Earnings per share over the same trailing period were ₹36.35.

How much debt does Bharat Petroleum Corporation have?

Bharat Petroleum Corporation reported borrowings of ₹54,343 Cr at Mar 2026, against cash and equivalents of ₹17,755 Cr.

What is the free cash flow of Bharat Petroleum Corporation?

Cash from operations was ₹50,907 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹31,438 Cr.

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