BPCL B P C L Q4 FY26 results (Jan–Mar 2026) and concall
BPCL reported strong operational performance for Q4 FY26, with high refinery utilization and robust sales growth across segments. The company achieved a GRM of USD 11.74/bbl for FY26 and continued strategic expansion in retail, EV, and CNG networks. However, Q1 FY27 is anticipated to be challenging, and significant under-recoveries persist in LPG. Project delays in Brazil led to an impairment, and the Bina expansion project is behind schedule due to geopolitical factors.
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What they filed
Q4 FY26: revenue up 6.7%, net profit up 28.1% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 1,13,166 | 1,11,230 | 1,12,551 | 1,04,946 | 1,19,029 +5% | 1,18,701 +7% |
| EBITDA | 7,456 | 7,737 | 9,678 | 9,761 | 11,687 +57% | 9,634 +25% |
| Net profit | 3,806 | 4,392 | 6,839 | 6,191 | 7,188 +89% | 5,625 +28% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
