BPCL Q1 results: Firm posts ₹3,962 crore net loss on higher crude oil prices; revenue rises 23% YoY

Shares of BPCL lost 3.5%, dropping to its intraday low of ₹308.10 apiece after the earnings announcement, compared to ₹319.35 apiece at the previous stock market close, according to NSE data.

NSE filings showed that BPCL incurred a ₹3,962.13 crore net loss in the first quarter, against a net profit of ₹6,123.92 crore in the same quarter of the previous financial year, according to the standalone financial statements.

The filings data showed that the company incurred losses due to the rise in input costs of the company in the June quarter, as global crude oil prices surged due to the US-Iran conflict in West Asia.

In contrast, the company’s revenue from core operations advanced 23% to ₹1,59,479.28 crore in the June quarter, compared to ₹1,29,577.89 crore in the same quarter of the previous fiscal year.

Higher input cost

According to the standalone financial statements, BPCL’s input costs increased 69% to ₹90,588.10 crore in the first quarter of the financial year 2026-27, compared year-on-year with ₹53,686.13 crore in the same period a year ago.

The oil marketing company attributed the losses in the April to June quarter of FY27 to suppressed marketing margin. While the losses were partially cut down by the higher refining margins in the period under review.

“The loss during the current quarter is mainly due to suppressed marketing margin on certain petroleum products which was partially offset by higher refining margin,” the company informed the stock exchange.

The exchange filings further showed that the company’s operating margins dropped to a negative 4.11%, from 5.72% in the same period a year earlier. While BPCL’s net profit margin was at negative 2.48% in the June quarter, from 4.73% a year earlier.

BPCL share price performance

BPCL shares have delivered more than 34% returns on their investment in the last five years, and over 58% gains in the last three years, according to NSE data. However, the company stock has lost 9% in the last one-year period.

On a year-to-date basis, the company shares have lost 19% in the current calendar year, but have risen 0.3% in the last one-month period. In the last five trading sessions, BPCL shares have been trading flat on the stock exchange.

Shares of BPCL surged to a 52-week high of ₹391.65 on February 5, 2026, while the 52-week low was at ₹266.60 on April 2, 2026. The company’s market capitalisation (m-cap) was at over ₹1.34 lakh crore as of the stock market close on Wednesday, July 22, 2026.