BPCL Q2 profit falls 21% as revenue climbs nearly 30%
Bharat Petroleum's consolidated net profit fell to Rs 4,863 crore in the July-September quarter while revenue rose nearly 30%, according to the company's statement.
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what happened
State-run Bharat Petroleum Corporation Limited (BPCL) reported that its consolidated net profit for the second quarter of fiscal 2026-27 declined 21% year on year to Rs 4,863.05 crore. Revenue from operations, however, rose nearly 30% to Rs 1,57,818 crore, according to a statement from the company.
Consolidated EBITDA fell 13.37% to Rs 9,647 crore. On a standalone basis, revenue also grew close to 30%, while net profit dropped 22.5%. Refinery throughput reached 10.41 million metric tonnes, with capacity utilisation at 118%, and domestic sales totalled 13.47 million tonnes.
The company also expanded its LPG and PNG networks and said its board approved incorporating a dedicated project company for the proposed Ramayapatnam refinery and petrochemical complex.
why it matters
Revenue growth alongside falling profit points to pressure on refining margins and higher costs for Indian oil companies. For the oil market, the figures signal strong utilisation at Indian refineries, which supports crude demand.
market impact
Oil and fuels: high Indian refinery utilisation supports crude demand; BPCL margins under pressure
tags
instruments
sources
- BPCL Q2 profit drops 21 pc to Rs 4,863 crore; revenue rises nearly 30 pc — Moody's, 24 October 2026 at 03:00 UTC
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