Bharat Petroleum profit falls 21.45 percent: what it means for Bharat Petroleum stock

Published on 10/25/2026 at 02:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 29.78 percent to INR 1.58 trillion and EBITDA margin reached 6.02 percent. For Bharat Petroleum stock, Q2 followed a loss.

Earnings pressure and next discussion

Bharat Petroleum's consolidated second-quarter net profit fell 21.45 percent on October 23, 2026.
Second-quarter revenue rose 29.78 percent to INR 1.58 trillion in fiscal 2027.
BPCL's post-results conference call is scheduled for October 26, 2026.

BPCL, INE029A01011, Illustration mit AI erstellt.

Bharat Petroleum (INE029A01011) reported consolidated net profit of INR 4,863.05 crore for the second quarter of fiscal 2027, down 21.45 percent from INR 6,191.49 crore a year earlier, according to Business Standard on October 23, 2026. The result puts marketing margins ahead of revenue growth in the investor debate.

What does the margin mean?

Revenue from operations rose 29.78 percent year over year to INR 1.58 trillion in the September quarter, but EBITDA fell 13.37 percent to INR 9,647 crore, as EconoTimes reported on October 24, 2026. The company recorded a gross refining margin of USD 32.53 per barrel, versus USD 10.78 a year earlier, while weaker marketing returns limited the benefit.

BPCL also returned to profit after a consolidated loss of INR 1,872.70 crore in the first quarter of fiscal 2027. For investors, that sequential recovery matters, but the year-over-year decline shows that refining strength did not fully offset pressure in fuel marketing.

Three milestones from June to October

On June 30, 2026, BPCL reported a consolidated loss of INR 1,872.70 crore for the first quarter of fiscal 2027, according to Moneycontrol. On September 30, 2026, the second-quarter period closed with refinery throughput of 10.41 million tonnes, up 6 percent year over year, as Business Standard reported. On October 23, 2026, the board approved a wholly owned subsidiary for the proposed Ramayapatnam refinery and petrochemical complex, with authorized capital of up to INR 4,900 crore, according to The Economic Times.

When is the next investor update?

BPCL's post-results conference call is scheduled for October 26, 2026, at 11:00 a.m. India Standard Time, according to the company's Bharat Petroleum notice dated October 23, 2026. Management's comments on marketing margins and the Ramayapatnam project will provide the next concrete operating context.

NSE close and market value

Bharat Petroleum closed at INR 281.95 on the NSE on October 23, 2026, while its 52-week range was INR 266.60 to INR 391.65 and its market capitalization was INR 1.2 trillion, according to The Economic Times. The company is listed on the NSE under ticker BPCL and operates in oil and gas refining and marketing.