BPCL share price falls nearly 2% as Q4 profit flat on exceptional loss, revenue climbs 6%

The stock was trading 1.61% lower at ₹281.85 apiece on the National Stock Exchange (NSE) at 9:20 am.

The scrip had hit its 52-week high of ₹391.65 per share on February 5, 2026, while its 52-week low of ₹266.60 apiece was recorded on April 2, 2026.

It has descended 5% in the past week and 10.69% in a month. Year-to-date, it has slipped 26.02%.

The state-owned company's standalone net profit remained flat at ₹3,191.49 crore in the quarter ended March 2026 after it took an impairment loss of ₹4,349 crore on its upstream assets.

In the year-ago period, it had posted a profit after tax of ₹7,545.27 crore.

The flat year-on-year (YoY) growth came after it took an impairment on investments its unit has made in oil and gas blocks globally and in India.

"During FY 2025-26, (BPCL's wholly-owned upstream subsidiary) Bharat PetroResources Ltd has impaired investments due to change in prospects of its blocks," it said.

Accordingly, "an impairment loss of ₹4,349.13 crore has been recognised based on the value of in use of assets as on March 31, 2026."

The gross carrying value of upstream investment fell from ₹15,426.37 crore to ₹11,313.83 crore.

For FY26, BPCL's post-tax profit climbed 75% to ₹23,303.22 crore from ₹13,275.26 crore in the previous FY25.

Its revenue from operations stood at ₹1,34,896.40 crore in Q4 FY26, up 6.33% from ₹1,26.864.93 crore in the same period of the previous fiscal year.

The firm's refineries processed 10.4 million tonnes of crude oil into fuels in Q4 as compared to 10.58 million tonnes a year back. Fuel sales advanced to 13.86 million tonnes as against 13.42 million tonnes in January-March 2025.