Financial Results
BPCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BPCL reported standalone net profit of Rs 23,303 crore for FY2025-26, a 75.5% jump from Rs 13,275 crore in the prior year, driven by higher refinery throughput and improved margins. Revenue from operations grew 4.4% to Rs 5,22,668 crore. Excluding an exceptional impairment charge of Rs 4,349 crore on its upstream subsidiary BPRL, adjusted PBT was Rs 35,453 crore (vs Rs 19,438 crore), reflecting strong operational performance. EBITDA margin expanded to 6.07% from 3.27% in FY25. However, the auditors flagged non-compliance with board composition norms — no woman director since March 2026 and no audit committee due to insufficient independent directors. The statutory audit report was unmodified. The company also received Rs 7,594 crore LPG under-recovery compensation from government.
Strong bottom-line growth with margin expansion is positive for investors, but governance issues (board composition non-compliance) and the large BPRL impairment of Rs 4,349 crore could raise concerns about the upstream subsidiary's asset quality.