BPCL Share Price in Focus as Q2FY27 Net Profit Declines 22.5%

Bharat Petroleum Corporation Limited (BPCL) reported a net profit of ₹4,993 crore for the second quarter of FY27, down from ₹6,443 crore in the July-September quarter last year, as per exchange filings dated October 23, 2026.  

Profit before tax was ₹6,686 crore, compared with ₹8,596 crore in the same period of FY26. The company’s gross refining margin (GRM) rose to $32.53 per barrel from $10.78 per barrel a year earlier.  

Refinery throughput also increased, reaching 10.41 million metric tonnes (MMT) against 9.82 MMT in the corresponding quarter. 

First-Half Profit Drops 

For April–September FY27, BPCL reported a net profit of ₹1,031 crore. The figure was ₹12,566 crore in the first half of FY26. Profit before tax for the six-month period fell to ₹1,381 crore from ₹16,752 crore. 

The company recorded a GRM of $36.90 per barrel for the first half, against $7.77 per barrel in the previous year. Crude processing stood at 20.56 MMT, marginally higher than the 20.24 MMT recorded in April-September FY26. 

Product Sales Increase 

BPCL sold 14.06 MMT of petroleum products during the September quarter, compared with 13.03 MMT a year earlier. Domestic sales accounted for 13.47 MMT, while exports stood at 0.59 MMT. 

Diesel sales rose to 5.76 MMT from 5.16 MMT, and petrol sales increased to 3.04 MMT from 2.79 MMT. LPG sales declined to 1.92 MMT from 2.35 MMT. 

Inventory Loss and Debt 

The company recorded a marketing inventory loss of ₹330 crore during the quarter, compared with a gain of ₹895 crore last year. Foreign exchange losses were ₹397 crore. 

BPCL’s debt, excluding lease liabilities, stood at ₹15,246 crore on 30 September 2026, against ₹12,262 crore a year earlier. Interest expenditure increased from ₹420 crore to ₹659 crore. 

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Bharat Petroleum Corporation Limited (BPCL) Share Price Performance 

As of October 23, 2026, 3:30 pm, Bharat Petroleum Corporation (BPCL) share price closed at ₹281.95, down 1.74% from the previous closing price. 

Conclusion  

For the September quarter, BPCL’s net profit fell to ₹4,993 crore from ₹6,443 crore a year earlier. Refinery throughput and total petroleum product sales increased during the period. 

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