Investor handouts for audited financial results
BPCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BPCL reported a 76% jump in profit before tax to ₹31,104 crore and profit after tax of ₹23,303 crore for FY 2025-26, up from ₹17,664 crore and ₹13,275 crore respectively in FY 2024-25. Gross Refining Margin (GRM) nearly doubled to $11.74/BBL from $6.82/BBL, driven by improved refining conditions. Debt position (excluding IND AS 116 lease liabilities) was slashed significantly from ₹23,278 crore to ₹10,480 crore. Marketing inventory turned positive at ₹842 crore gain versus ₹905 crore loss in the prior year, though forex losses widened to ₹1,644 crore due to currency volatility. Refinery throughput increased slightly to 41.15 MMT with distillate yield at 84.54%.
BPCL delivered exceptional financial performance with near-doubled GRM and massive debt reduction, which should be positive for the stock. However, the large forex loss and the special excise duty impact from late March 2026 warrant monitoring of Q1 FY27 margins.